Author: Anna Forrester|| Date Published: January 4, 2016
The GovCon Index closed Wednesday with a loss of 0.621 points to 77.761 on oil price declines and remains above the 10-percent mark for a gain against declines in several sectors within the S&P 500 composite index on a year-to-date basis.
Crude futures in New York settled down 3.06 percent to $36.71 a barrel, while brent crude in London fell 3.18 percent to $36.59 a barrel.
Both energy shares and material stocks fell in afternoon trade, CNBC reported.
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The GovCon Index closed Wednesday with a loss of 0.621 points to 77.761 on oil price declines and remains above the 10-percent mark for a gain against declines in several sectors within the S&P 500 composite index on a year-to-date basis.
