The GovCon Index held in negative territory after brief gains in the morning and mid-afternoon trading sessions Wednesday and closed down 0.153 points to 77.796.
U.S. stocks turned downward after Federal Reserve Chair Janet Yellen told House lawmakers a move to raise short-term interest rates at the central bank’s December meeting was a possibility, according to the Wall Street Journal.
Investors also gauged a report from payroll firm Automatic Data Processing and forecaster Moody’s Analytics that added 182, 000 jobs in December to meet expectations of many economists, the Journal reported.
The U.S. government’s jobs report for October is due Friday and traders use that data as a barometer for when and how the Fed could adjust interest rates.
Top GovCon Index Gainers
| Company | $ Current Price | $ Change | % Change |
|---|---|---|---|
| CGI Group | 40.26 | +1.33 | +3.42% |
| CACI International | 100.58 | +1.26 | +1.27% |
| Computer Sciences Corp. | 68.10 | +0.61 | +0.90% |
| Leidos Holdings | 55.60 | +0.49 | +0.89% |
| SAIC | 45.81 | +0.40 | +0.88% |
Market Summary
| Advancing Issues | 10 |
| Declining Issues | 20 |
| Unchanged Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 77.949 | -0.022 | -0.028% |
| S&P 500 | 2, 102.31 | -7.48 | -0.35% |
| Dow Jones Industrial Average | 17, 856.62 | -61.53 | -0.34% |
| NASDAQ | 5, 142.48 | -2.65 | -0.05% |
