Home / Financial Report / August 4 Market Close: GovCon Index Down, US Stocks Dip on Apple Losses

August 4 Market Close: GovCon Index Down, US Stocks Dip on Apple Losses

GovConIndexDOWNThe 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
Engility Holdings 21.48 +0.32 +1.51%
Cubic Corp. 44.93 +0.60 +1.35%
Health Net 68.65 +0.70 +1.03%
Lockheed Martin 209.53 +1.74 +0.84%
CGI Group 37.58 +0.31 +0.83%

Market Summary

  Advancing Issues      9 (30.00%)
  Declining Issues    21 (70.00%)
  Unchanged Issues      0

Executive Mosaic’s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.

Check Also

Report: Lockheed Advances in Army’s Precision Strike Missile Competition

Lockheed Martin (NYSE: LMT) emerged as the final contender for the U.S. Army’s Precision Strike Missile prototyping competition, Jane’s 360 reported Tuesday. The PrSM program seeks to develop a precision-strike, surface-to-surface guided missile to replace the Army Tactical Missile System and that can be fired from the M142 High Mobility Artillery Rocket System and M270A1 Multiple Launch Rocket System to neutralize targets at ranges of up to 499 kilometers.

CACI Wins Potential $200M Navy Satcom, C5ISR Support IDIQ

CACI International (NYSE: CACI) has won a potential $199.5M contract to provide satellite communications systems and services to U.S. Navy's joint warfighting special operations around the world.