Author: Nicholas Hoffman|| Date Published: June 29, 2017
The Executive Mosaic GovCon Index closed down sharply 1.114 percent to 94.302 reversing yesterdays steep rise. Posting the largest daily decline for the month, 26 of the 30 stocks that make up the GovCon Index declined on the day.
The major indices all closed down as technology stocks dropped and markets reacted as the European and U.S. central banks gave indication of another rate increase. The NASDAQ closed at a 30 day low.
WTI crude oil closed up for the sixth consecutive day, to settle at $44.82 per barrel a positive 0.18 percent as U.S. crude oil production and gasoline stockpiles decline.
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