Author: David Smith|| Date Published: May 31, 2017
On the last trading day in May the GovCon Index ended the month up as major U.S. indices all ended down.
The Executive Mosaic GovCon Index ended the day up 0.540 percent to 95.745. Advancers outpaced decliners 2 to 1.
The three U.S. indices gave back more of May’s gains to close down on the day. However the trio of indices all showed positive gains for the month. The S&P 500 up 1.0 percent on the month, the DJIA up .004 percent, and the NASDAQ up 2.2 percent.
At market close WTI was down 2.62 percent to $48.36 per barrel as the market doubts that OPEC’s extended production cuts will be enough to offset increased production from the U.S.
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On the last trading day in May the GovCon Index ended the month up as major U.S. indices all ended down.
