Author: Nicholas Hoffman|| Date Published: August 10, 2017
The Executive Mosaic GovCon Index (GCI) followed the markets downward closing at 100.168 off 0.706 percent. Declining shares outpaced advancers 3 to 1.
The major indices responded to heightened geopolitical tensions between the U.S. and North Korea to close down significantly. The S&P500 was off 1.45 percent while DJIA moved downward by 0.93 percent, and the NASDAQ Composite dropped by 2.13 percent.
Crude oil closed downward. The good news about U.S. inventories shrinking was over shadowed by the rise Libya’s production which pushed OPEC’s output to a yearly high. WTI on the NY Mercantile Exchange closed down by 2.30 percent to $48.42 per barrel.
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