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September 12 Morning Report: GCI, US Markets Post Losses on Interest Hike Concerns

September 12 Morning Report: GCI, US Markets Post Losses on Interest Hike Concerns

    Author: Anna Forrester || Date Published: September 12, 2016


    GovConIndexDOWNExecutive Mosaic’s GovCon Index closed Friday with a 2.30-percent drop to 79.822 to post a two-month low with all 30 registered companies in the negative.

    U.S. markets also dropped with the S&P 500 at 2, 127.81, the Dow Jones Industrial Average at 18, 085.45 and Nasdaq at 5, 125.91.

    Investors have expressed concerns that the Federal Reserve could soon implement increased interest rates after nearly 10 months.

    Market Summary

    IndexValueNet Change% Change
    GovCon Index79.822-1.879-2.30%
    S&P 5002, 127.81-53.49-2.45%
    Dow Jones Industrial Average18, 085.45-394.46-2.13%
    NASDAQ5, 125.91-133.57-2.54%
    Advancing GovCon Index Issues0
    Declining GovCon Index Issues30
    Unchanged GovCon Index Issues0

    Lowest GovCon Index Net Performers

    SymbolCompany$ Current PriceNet Change –¾% Change
    MCKMcKesson Corp.*176.09-6.95-3.80%
    BABoeing*128.53-4.37-3.29%
    RTNRaytheon*136.08-3.60-2.58%

    Lowest GovCon Index Percentage Performers

    SymbolCompany$ Current PriceNet Change% Change –¾
    IIntelsat2.65-0.20-7.02%
    CAECAE13.85-0.64-4.42%
    ACMAECOM28.86-1.28-4.25%

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