The GovCon Index followed across-the-board declines in U.S. markets Friday with a loss of 0.307 points to 78.031 and only five out of 30 contractors that ended the day with gains.
U.S. stocks tumbled as crude oil in New York settled down 5.8 percent to a new six-and-a-half-year low of $37.65 a barrel, and that decline triggered a loss of more than 1 percent for the S&P 500’s energy sector, according to CNBC.
Organization of the Petroleum Exporting Countries members met Friday but did not reach an agreement on a production limit to stem off long-term price declines and a strong U.S. dollar, CNBC said.
Top GovCon Index Gainers
|Symbol||Company||$ Current Price||Net Change||% Change|
|Index||Value||Net Change||% Change|
|S&P 500||2, 077.11||-14.58||-0.70%|
|Dow Jones Industrial Average||17, 730.51||-117.12||-0.66%|