The GovCon Index recorded a decline for the third consecutive session Thursday with a loss of 0.124 points to 70.778.
The Index traded 1.4 percent down at one point in the 11 a.m. Eastern time hour and reflected a day of choppy trade for U.S. markets as all three major indices recovered more than half of their losses in the afternoon.
Investors anticipated Federal Reserve Chairman Janet Yellen’s speech after the closing bell to the University of Massachusetts-Amherst and will look for any hints on the timing of an interest rate increase when Yellen addresses the , according to the Wall Street Journal.
Automakers and industrial stocks were among the biggest decliners in Thursday’s trading day and investors looked to treasury yields instead for returns, the Journal reported.
Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting companies.
Top GovCon Index Gainers
|Company||$ Current Price||$ Change||% Change|
|Index||Value||Net Change||% Change|
|S&P 500||1, 932.23||-6.53||-0.34%|
|Dow Jones Industrial Average||16, 201.32||-78.57||-0.48%|