May 16 Morning Report: GovCon Index Posts 1% Decline Friday

The GovCon Index closed Friday with a loss of 1.052 percent to 77.038 and posted a weekly decline of 0.155 percent or 0.12 points.

U.S. investors remain wary as earnings reports from consumer companies were below expectations, although retail sales exceeded the consensus economist expectation with an increase of 1.3 percent in April, Reuters reported.

Crude oil futures in New York declined 1.1 percent to $46.21 but the benchmark has gained at least 3 percent for the week.

Market Summary

Advancing GovCon Index Issues	2
Declining GovCon Index Issues	28
Unchanged GovCon Index Issues	0

Index	Value	Net Change	% Change
GovCon Index	77.038	-0.819	-1.052%
S&P 500	2, 046.61	-17.50	-0.85%
Dow Jones Industrial Average	17, 535.32	-185.18	-1.05%
NASDAQ	4, 717.68	-19.66	-0.41%

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