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June 13 Market Close: GovCon Index in Deep Red, SAIC Lifts After 1Q Earnings Beat

GovConIndexDOWNThe GovCon Index was dragged Monday by the across-the-board selloff in U.S. stocks and closed at a steep decline of 1.288 percent to 78.912.

McLean, Virginia-based Science Applications International Corp. (NYSE: SAIC) was the GCI’s lone gainer at 2.16 percent after the contractor reported first-quarter earnings and revenue above analyst forecasts.

Losses by technology stocks Apple, Facebook and Microsoft weighed on the benchmark U.S. stock indicators such as the S&P 500 composite index.

Investors are anticipating the latest retail sales report due Tuesday and developments from the Federal Reserve‘s two-day meeting Tuesday and Wednesday that could set the stage for a future interest rate hike, according to Reuters.

Market Summary

Advancing GovCon Index Issues 1
Declining GovCon Index Issues 29
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 78.912 -1.030 -1.288%
S&P 500 2, 079.06  -17.01 -0.81%
Dow Jones Industrial Average 17, 732.48 -132.86 -0.74%
NASDAQ 4, 848.44 -46.11 -0.94%
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