August 18 Market Close: GovCon Index Down, US Stocks Dip on China Declines

GovConIndexDOWNThe GovCon Index ended a three-day stretch of consecutive gains Tuesday with a decline of 0.098 points to 77.248.

A sell-off in Chinese markets and an earnings report from Wal-Mart that missed many analyst estimates sent U.S. markets into negative territory, according to the Wall Street Journal.

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Investors also weighed earnings reports from Home Depot and other retailers that exceeded Wall Street forecasts, the Journal reported.

The Dow Jones Industrial Average lost 33.84 points to 17, 511.34, the S&P 500 composite index fell 5.52 points to 2, 096.62 and the NASDAQ composite index declined 32.35 points to 5, 095.35.

Top Percentage Gainers

Company $ Current Price $ Change % Change
Serco Group plc 1.97 +0.13 +7.07%
AECOM 29.19 +0.55 +1.92%
Health Net 71.25 +0.70 +0.99%
Engility Holdings 29.23 +0.27 +0.93%
Raytheon 110.33 +0.52 +0.47%

Market Summary

  Advancing Issues    14 (46.66%)
  Declining Issues    16 (53.33%)
  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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