The
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. 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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The 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.
