Author: David Smith|| Date Published: May 17, 2017
The Executive Mosaic GovCon Index followed major markets downward closing off 2.23 per cent to 91.553. All 30 of the stocks that comprise the GovCon Index were negative on the day.
The major markets were off significantly today with losses that reversed all the gains realized in May. Investors showed concerns about the economy and the challenges facing the current administration.
At market close WTI moved contrary to major stock markets closing up 0.70 percent to $49.00 as weekly data shows U.S. supplies falling; giving encouragement that OPEC cuts are taking hold.
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The Executive Mosaic GovCon Index followed major markets downward closing off 2.23 per cent to 91.553. All 30 of the stocks that comprise the GovCon Index were negative on the day.
