The GovCon Index extended its declines to a second consecutive day Wednesday with a loss of 1.460 percent to 72.637.
U.S. stocks fell sharply after initial gains in the day’s first 30 minutes of activity as investors reacted to Wal-Mart’s prediction that its profit would fall during the next fiscal year and data that showed producer prices in China declined at its sharpest level since the 2007-08 financial crisis, according to Bloomberg.
Investors peg the odds of a Federal Reserve move to raise interest rates this year at around 30 percent, down from the more than 90-percent chance priced in from January, Bloomberg reported.
Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting companies.
Top GovCon Index Gainers
| Company | $ Current Price | $ Change | % Change |
|---|---|---|---|
| Serco Group plc | 1.54 | +0.02 | +1.12% |
| Navistar International | 15.04 | +0.10 | +0.67% |
| SAIC | 42.22 | +0.27 | +0.64% |
| Harris Corporation | 76.03 | +0.46 | +0.61% |
| CGI Group | 37.00 | +0.05 | +0.14% |
Market Summary
| Advancing Issues | 6 |
| Declining Issues | 24 |
| Unchanged Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 72.637 | -1.076 | -1.460% |
| S&P 500 | 1, 994.24 | -9.45 | -0.47% |
| Dow Jones Industrial Average | 16.924.75 | -157.14 | -0.92% |
| NASDAQ | 4, 782.85 | -13.76 | -0.29% |
