The GovCon Index fell for a third consecutive session Friday by 0.435 points to 78.356 in a close that snaps the GCI’s four-week gain streak as market activity was shaped by continued reaction to the latest Federal Reserve interest rate outlook and uncertainty over the Brexit referendum.
The GCI recorded a weekly decline of 1.97 percent compared to the S&P 500’s respective fall of 1.18 percent in the final full-trading week ahead of the Britain’s Thursday referendum on whether to leave the European Union.
The Fed cited the Brexit vote as a potential source of volatility to the U.S. economy in the central bank’s mid-week statement to leave interest rates unchanged.
Top GovCon Index Net Gainers
|Symbol||Company||$ Current Price||Net Change ▴||% Change|
|HII||Huntington Ingalls Industries||159.75||0.50||0.31%|
Top GovCon Index Percentage Gainers
|Symbol||Company||$ Current Price||Net Change||% Change ▴|
*Also listed in the S&P 500 composite index
|Advancing GovCon Index Issues||11|
|Declining GovCon Index Issues||19|
|Unchanged GovCon Index Issues||0|
|Index||Value||Net Change||% Change|
|S&P 500||2, 071.23||-6.76||-0.33%|
|Dow Jones Industrial Average||17, 675.16||-57.94||-0.33%|