The 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|
|Index||Value||Net Change||% Change|
|S&P 500||1, 953.03||-8.02||-0.41%|
|Dow Jones Industrial Average||16, 370.96||-62.13||-0.38%|