Home / Financial Report / May 16 Morning Report: GovCon Index Posts 1% Decline Friday

May 16 Morning Report: GovCon Index Posts 1% Decline Friday

GovConIndexDOWNThe GovCon Index closed Friday with a loss of 1.052 percent to 77.038 and posted a weekly decline of 0.155 percent or 0.12 points.

U.S. investors remain wary as earnings reports from consumer companies were below expectations, although retail sales exceeded the consensus economist expectation with an increase of 1.3 percent in April, Reuters reported.

Crude oil futures in New York declined 1.1 percent to $46.21 but the benchmark has gained at least 3 percent for the week.

Market Summary

Advancing GovCon Index Issues 2
Declining GovCon Index Issues 28
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 77.038 -0.819 -1.052%
S&P 500 2, 046.61 -17.50 -0.85%
Dow Jones Industrial Average 17, 535.32 -185.18 -1.05%
NASDAQ 4, 717.68 -19.66 -0.41%

Check Also

GE Subsidiary Books Potential $318M USAF Aircraft Engine Tech Improvement IDIQ

General Electric’s (NYSE: GE) aviation subsidiary has received a potential 10-year, $318M contract to provide a range of support services for the U.S. Air Force’s Engine Component Improvement Program.

Vectrus Gets $134M Modification on Army Base Support Contract

Vectrus (NYSE: VEC) will continue to help operate and secure a U.S. Army installation in Kuwait under a $134.5M contract modification. The company will base operations support and services at Camp Arifjan  through Sept. 28, 2020, the Department of Defense said Friday.