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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.

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