The GovCon Index struggled to show direction for most of Wednesday before a sharp drop in the afternoon session to close with a decline of 0.142 points to 73.099.
Index company Boeing (NYSE: BA) led all gainers with a climb of 1.66 percent to $141.19 after the Chicago-based airplane maker posted third quarter earnings above Wall Street expectations and raised its full-year guidance.
U.S. stocks tumbled in the afternoon session on declines in the healthcare and technology sectors despite positive earnings reports from blue chips Boeing and its Dow Jones Industrial Average counterpart General Motors, according to Reuters.
Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting companies.
Top GovCon Index Gainers
|Company||$ Current Price||$ Change||% Change|
|Index||Value||Net Change||% Change|
|S&P 500||2, 018.94||-11.83||-0.58%|
|Dow Jones Industrial Average||17, 168.61||-48.50||-0.28%|