The GovCon Index fell into negative territory for the fifth consecutive trading session Monday with a loss of 0.681 points to close at 74.202.
Data that showed industrial profits declined in China during June sent that country’s stock markets to losses for that country’s Monday session and U.S. stocks responded in turn with their own declines, according to Bloomberg.
U.S. investors will shift their attention to the Federal Reserve‘s two-day meeting Tuesday that will see policy makers discuss the timing of an interest rate increase, Bloomberg reports.
The Dow Jones Industrial Average declined 127.94 points to 17, 440.59, the S&P 500 composite index fell 12.01 points to 2, 067.64 and the NASDAQ composite index lost 48.85 points to 5, 039.78.
|Company||$ Current Price||$ Change||% Change|
|Advancing Issues||4 (13.33%)|
|Declining Issues||26 (86.66%)|
Executive Mosaic’s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.