September 14 Market Close: GovCon Index, US Stocks Fall on China Selloff

GovConIndexDOWNThe GovCon Index hit a setback Monday after two consecutive sessions of gains to record a loss of 0.367 points and close at 72.333.

A selloff in Chinese markets triggered declines in U.S. markets Monday after data showed that country’s factory production and fixed-asset investment activity in August missed the consensus analysts’ estimate, according to the Wall Street Journal.

U.S. investors are also not firm on whether the Federal Reserve will raise interest rates at its meeting Wednesday and Thursday, the Journal said in its post-close market summary.

Executive Mosaic’s GovCon Index tracks 30 large publicly-traded government contracting firms.

GovCon Index Gainers

Company $ Current Price $ Change % Change
Maximus 62.63 +0.37 +0.59%
Cubic Corp. 41.04 +0.14 +0.34%
L-3 Communications 105.84 +0.23 +0.22%
SAIC 41.49 +0.01 +0.02%

Market Summary

Advancing Issues 4
Declining Issues 25
Unchanged Issues 1
Index Value Net Change % Change
GovCon Index 72.333 -0.367 -0.505%
S&P 500 1, 953.03 -8.02 -0.41%
Dow Jones Industrial Average 16, 370.96 -62.13 -0.38%
NASDAQ 4, 805.76 -16.58 -0.34%

Check Also

Cybersecurity

Rule Change to Add CMMC Requirements to Contracts Completes Interagency Review

The Department of Defense’s Cybersecurity Maturity Model Certification has undergone an interagency review as part of a rulemaking process needed to make CMMC a part of the Defense Federal Acquisition Regulations, FedScoop reported Tuesday.

US Navy battleships

Life Cycle Engineering, McKean Defense Win Shared $78M Navy IDIQ for Navigational Tech Support

Life Cycle Engineering and McKean Defense Group have been selected to help the U.S. Navy engineer shipboard navigational equipment under an indefinite-delivery/indefinite-quantity contract worth potentially $78.3M over five years.