The GovCon Index failed to sustain its rebound and mirrored sell-offs in the larger U.S. market Friday with a loss of 1.288 percent to 75.751.
For the week, the Index recorded a decline of 3.236 percent but still holds in positive for the fourth quarter-to-date at a gain of 11.643 percent.
CSRA (NYSE: CSRA), the federal technology services contractor launched Nov. 30, was the Index’s only gainer at 1.33 percent to $28.92 with Serco Group (U.S. over-the-counter) unchanged at $1.63 and all other 28 stocks down.
Crude oil futures in New York settled down 3.1 percent to $35.62 a barrel and at one point reached a new low from February 2009 to send the S&P 500 energy sector down 3 percent, according to CNBC.
U.S. investors also looked at the International Energy Agency’s forecast that the global oil market could see more supply next year in a saturated market and are continuing to anticipate the Federal Reserve‘s meeting next week on whether to raise interest rates as many traders expect, CNBC said.
|Index||Value||Net Change||% Change|
|S&P 500||2, 012.37||-39.86||-1.94%|
|Dow Jones Industrial Average||17, 265.21||-309.54||-1.76%|