The GovCon Index reflected across-the-board declines in U.S. markets Wednesday to record a decline of 0.493 points and close at 76.755.
U.S. stocks recovered some losses incurred during the morning session after the Federal Reserve released its July meeting minutes that said economic conditions to precede an interest rate increase in September have not materialized, according to CNBC.
Fed policymakers believe conditions are approaching that point with improvements in the labor market, CNBC reported in its summary of the minutes.
The Dow Jones Industrial Average fell 0.93 points to 17, 348.73, the S&P 500 composite index declined 17.31 points to 2, 079.61 and the NASDAQ composite index lost 40.29 points to 5, 019.05.
Top Percentage Gainers
|Company||$ Current Price||$ Change||% Change|
|Advancing Issues||14 (46.66%)|
|Declining Issues||16 (53.33%)|
Executive Mosaic’s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.