June 8 Market Close: GovCon Index Dips, Transport Losses Weigh on US Markets

GovConIndexDOWNThe GovCon Index retreated Monday with a decline of 0.462 points to close at 75.485.

A 1.7-percent drop in the Dow’s transport segment sent U.S. stocks down during Friday’s session as investors continued to speculate on the timing of the Federal Reserve‘s next interest rate increase, according to CNBC.

The Dow Jones Industrial Average declined 82.98 points to 17, 766.48, the S&P 500 composite index fell 13.55 points to 2, 079.28 and the NASDAQ composite index lost 46.83 points to 5, 021.63.

Top Percentage Gainers

  Company   $ Stock Price   $ Change   % Change
  Navistar   24.08   0.19   0.80%
  Cubic Corp.   49.01   0.29   0.60%
  Rockwell Collins   93.35   0.27   0.29%
  Lockheed Martin   189.37   0.04   0.02%

Market Summary

  Advancing Issues      4 (13.33%)
  Declining Issues    26 (86.66%)
  Unchanged Issues      0

Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.

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