Author: David Smith|| Date Published: March 20, 2017
Executive Mosaic’s GovCon Index moved downward as the equities markets closed mixed on the day.
The S&P 500 and DJIA ended the day down off -0.20 percent and -0.04 percent respectively while the NASDAQ closed up +0.01. Stocks reacted as Federal Reserve Bank of Chicago President Charles Evans eluted to the potential of multiple interest rate hikes this year.
GovCon Index declining shares outpaced advancers 5 to 1.
WTI closed down at $48.17 per barrel off 1.25 percent as US drilling increases which counters OPEC production cuts.
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Executive Mosaic’s GovCon Index moved downward as the equities markets closed mixed on the day.
