The GovCon Index lost two full percentage points for a second consecutive trading session Monday as global financial markets continued to indicate investor concerns over the prospects of Britain’s vote Thursday to leave the European Union.
Monday’s sharp decline in the GCI and general U.S. stock market followed Friday’s steep losses in global financial markets that Standard and Poor’s estimated to total $2 trillion as a result of investor concerns over uncertainty resulting from the U.K.’s “Brexit” vote.
Raytheon (NYSE: RTN) also briefly spiked into green during the 12 p.m. Eastern time hour then held at a decline as Boeing (NYSE: BA) tumbled 3.02 percent and General Dynamics (NYSE: GD) fell 2.26 percent, while Lockheed pared its morning losses to close down 41 cents.
|Advancing GovCon Index Issues||2|
|Declining GovCon Index Issues||28|
|Unchanged GovCon Index Issues||0|
|Index||Value||Net Change||% Change|
|S&P 500||2, 000.54||-36.87||-1.81%|
|Dow Jones Industrial Average||17, 140.24||-260.51||-1.50%|