The GovCon Index ended the most turbulent month in its nearly one year of existence Monday with a decline of 1.174 percent to 72.126.
The Index has tumbled 5.18 percent from its July 31 close of 76.069 and is down 6.6 percent from its high of 77.223 from Aug. 17.
U.S. investors continue to show concern over China’s economic picture that country’s decision to devalue its currency and are worried the Federal Reserve will raise interests rates in August, according to the Wall Street Journal.
Unemployment numbers for August are due Friday and that could give investors more ideas on when an interest rate hike could occur, the Journal reported.
Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting firms.
Top Percentage Gainers
|Company||$ Current Price||$ Change||% Change|
|Advancing Issues||18 (60.00%)|
|Declining Issues||9 (30.00%)|
|Unchanged Issues||3 (10.00%)|
|Index||Price||Point Change||% Change|
|S&P 500||1, 972.18||-16.69||-0.84%|
|Dow Jones Industrial Average||16, 528.03||-114.98||-0.69%|