The GovCon Index fell 1.366 percent to a Tuesday close of 71.366 — the Index’s fourth-lowest figure over the past three months and second-lowest for the month of September so far.All 30 Index companies, all 30 Dow Jones Industrial stocks and all 10 S&P 500 sectors ended Tuesday in negative territory and commodity prices decline across the board as well, according to Reuters.
Continued uncertainty among investors on the timing of an interest rate hike by the Federal Reserve drove the declines Tuesday and traders have priced in a 41-percent chance of an increase at the central bank’s December meeting, Reuters said.
Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting companies.
Market Summary
| Advancing Issues | 0 |
| Declining Issues | 30 |
| Unchanged Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 71.336 | -0.988 | -1.366% |
| S&P 500 | 1, 942.74 | -24.23 | -1.23% |
| Dow Jones Industrial Average | 16, 330.47 | -179.72 | -1.09% |
| NASDAQ | 4, 756.72 | -72.23 | -1.50% |
