U.S. stocks declined after five days of positivity as biotechnology shares declined and investors also responded to the International Monetary Fund’s statement that the organization remain concerned over economies in developing nations, according to Bloomberg.
Oil prices in New York and London climbed for a third consecutive day and currencies such as the Euro, Australia’s dollar and Japan’s yen rose against the U.S. dollar.
Investors believe a weaker U.S. dollar could help multinational companies in their third quarter earnings as the financial reporting season approaches, Bloomberg reported.
Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting companies.
Top GovCon Index Gainers
Company | $ Current Price | $ Change | % Change |
---|---|---|---|
Intelsat | 7.38 | +0.48 | +6.96% |
Orbital ATK | 76.99 | +1.50 | +1.99% |
AECOM | 29.39 | +0.37 | +1.27% |
Navistar International | 14.62 | +0.17 | +1.18% |
ManTech International | 26.40 | +0.28 | +1.07% |
Market Summary
Advancing Issues | 14 |
Declining Issues | 15 |
Unchanged Issues | 1 |
Index | Value | Net Change | % Change |
---|---|---|---|
GovCon Index | 71.808 | -0.357 | -0.495% |
S&P 500 | 1, 979.92 | -7.13 | -0.36% |
Dow Jones Industrial Average | 16, 790.19 | +13.76 | +0.08% |
NASDAQ | 4, 748.36 | -32.90 | -0.69% |