Executive Mosaic’s
GovCon Index closed down sharply to reach a two month low. The Index retreated back to levels not seen since early July with all thirty companies declining.
Markets responded to intensified fears that the Federal Reserve could finally pull the trigger on raising rates after a nearly ten month hiatus.
Companies have benefited from lower borrowing costs which have been reflected in their stock prices. Investors responded to the potential of the Fed tightening interest rates.
Market Summary
Index Value Net Change % Change GovCon Index 79.822 -1.879 -2.30% S&P 500 2, 127.81 -53.49 -2.45% Dow Jones Industrial Average 18, 085.45 -394.46 -2.13% NASDAQ 5, 125.91 -133.57 -2.54%
Advancing GovCon Index Issues 0 Declining GovCon Index Issues 30 Unchanged GovCon Index Issues 0
Lowest GovCon Index Net Performers
Symbol Company $ Current Price Net Change –¾ % Change MCK McKesson Corp.* 176.09 -6.95 -3.80% BA Boeing* 128.53 -4.37 -3.29% RTN Raytheon* 136.08 -3.60 -2.58%
Lowest GovCon Index Percentage Performers
Symbol Company $ Current Price Net Change % Change –¾ I Intelsat 2.65 -0.20 -7.02% CAE CAE 13.85 -0.64 -4.42% ACM AECOM 28.86 -1.28 -4.25%
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VIDEO 
Executive Mosaic’s GovCon Index closed down sharply to reach a two month low. The Index retreated back to levels not seen since early July with all thirty companies declining.
