July 24 Market Close: GovCon Index Down for the Fourth Consecutive Day

GovConIndexDOWNThe GovCon Index closed the week with four consecutive days of loses, ending the trading day at 74.886 down 1.03 points or 1.36 percent.

The three major US markets saw declines as several companies reported disappointing quarterly returns.

Increased worries about China’s economy slowing down and the drop in crude oil prices placed pressure on the markets.

The Dow Jones Industrial Average closed at 17, 568.53 off 163.39 points, the S&P 500 composite index slipped 22.50 points to 2, 079.65, and the NASDAQ composite index declined 57.78 points to 5, 088.63.

Market Summary

  Advancing Issues       3 (10.00%)
  Declining Issues      27 (90.00%)
  Unchanged Issues        0 (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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