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September 12 Morning Report: GCI, US Markets Post Losses on Interest Hike Concerns

GovConIndexDOWNExecutive Mosaic’s GovCon Index closed Friday with a 2.30-percent drop to 79.822 to post a two-month low with all 30 registered companies in the negative.

U.S. markets also dropped with the S&P 500 at 2, 127.81, the Dow Jones Industrial Average at 18, 085.45 and Nasdaq at 5, 125.91.

Investors have expressed concerns that the Federal Reserve could soon implement increased interest rates after nearly 10 months.

Market Summary

Index Value Net Change % Change
GovCon Index 79.822 -1.879 -2.30%
S&P 500 2, 127.81 -53.49 -2.45%
Dow Jones Industrial Average 18, 085.45 -394.46 -2.13%
NASDAQ 5, 125.91 -133.57 -2.54%
Advancing GovCon Index Issues 0
Declining GovCon Index Issues 30
Unchanged GovCon Index Issues 0

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▾ % Change
MCK McKesson Corp.* 176.09 -6.95 -3.80%
BA Boeing* 128.53 -4.37 -3.29%
RTN Raytheon* 136.08 -3.60 -2.58%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▾
I Intelsat 2.65 -0.20 -7.02%
CAE CAE 13.85 -0.64 -4.42%
ACM AECOM 28.86 -1.28 -4.25%
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