The GovCon Index mirrored slight downturns in U.S. markets during Tuesday’s trading session as it closed with a decline of 0.054 points to 73.135.
Investors reacted to losses in Apple (Nasdaq: APPL) as the iPhone maker at one point traded 3.5 percent below its Monday closing price of 118.44, CNBC reported.
Apple’s stock is currently on a five-day stretch of declines and energy shares continued to see losses, according to CNBC.
CNBC also cited continued speculation over the next interest rate increase as a driver of trading activity in Tuesday’s session.
The Dow Jones Industrial Average fell 47.51 points to 17, 550.69, the S&P 500 composite index lost 4.72 points to 2, 093.32 and the NASDAQ composite index declined 9.84 points to 5, 105.55
Top Percentage Gainers
|Company||$ Current Price||$ Change||% Change|
|Advancing Issues||9 (30.00%)|
|Declining Issues||21 (70.00%)|
Executive Mosaic’s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.