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July 8 Market Close: GovCon Index, US Stocks Plummet as NYSE Floor Trading Paused in Midday

GovConIndexDOWNThe GovCon Index lost ground from gains in the previous day’s trading session on Wednesday to record a loss of 1.19 percent and close at 74.122.

Floor trading on the New York Stock Exchange halted at around 11:30 a.m. Eastern time due to a technical malfunction and resumed at close to 3:10 p.m., CNBC reported.

CNBC also cited investor concern after the release of the minutes from the June Federal Open Market Committee meeting, where Fed leaders indicated worries over the economic situations in Greece and China and showed pause on whether conditions could allow for an interest rate hike.

The Dow Jones Industrial Average declined 1.47 percent to 17, 515.42, the S&P 500 composite index fell 1.66 percent to 2, 046.69 and the NASDAQ composite index sank 1.75 percent 4, 909.76.

Percentage Gainers

  Company   $ Stock Price   $ Change   % Change
  ManTech International   29.21   0.26   0.90%
  BAE Systems   28.11   0.16   0.57%
  Health Net   66.60   0.17   0.26%
  Raytheon   98.01   0.06   0.06%

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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