September 13 Market Close: GovCon Index Down With Concerns Over Interest Rate Hike

September 13 Market Close: GovCon Index Down With Concerns Over Interest Rate Hike


GovConIndexDOWNExecutive Mosaic’s GovCon Index closed down sharply after Monday’s rally. The Index hit a new two month low to close at 79.605 off 1.39 percent on the day. Declining shares outpaced advancing 28 to 2.

The markets responded to further uncertainty about an increase in U.S. interest rates, and a significant slide in oil prices due to cut in crude oil demand.

WTI crude dropped to $45.63, down 2.58 percent

 

Market Summary

IndexValueNet Change% Change
GovCon Index79.605-1.122-1.39%
S&P 5002, 127.02-32.02-1.48%
Dow Jones Industrial Average18, 066.75-258.32-1.41%
NASDAQ5, 155.25-56.63-1.09%
Advancing GovCon Index Issues2
Declining GovCon Index Issues28
Unchanged GovCon Index Issues0

Lowest GovCon Index Net Performers

SymbolCompany$ Current PriceNet Change –¾% Change
MCKMcKesson Corp.*175.84-4.63-2.57%
HIIHuntington Ingalls160.90-3.81-1.94%
LLLL-3 Communications146.64-2.31-1.55%

Lowest GovCon Index Percentage Performers

SymbolCompany$ Current PriceNet Change% Change –¾
GIBCGI Group46.11-1.76-3.68%
MMSMaximus Inc.57.01-1.75-2.98%
EGLEngility Holdings29.43-0.86-2.84%

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