The GovCon Index closed Friday with its worst one-day percentage decline in 2016 at 2.805 percent to 77.327 on the heels of Britain’s vote to leave the European Union.
The referendum vote impacted financial markets worldwide, with the Index capping the week at a 1.175-percent loss while the S&P 500 composite index dropped 3.6 percent Friday and entered negative territory on a year-to-date basis.
Raytheon (NYSE: RTN) was GCI’s lone gainer Friday with a 92-cent climb.
Market Summary
| Advancing GovCon Index Issues | 1 |
| Declining GovCon Index Issues | 29 |
| Unchanged GovCon Index Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 77.327 | -2.232 | -2.805% |
| S&P 500 | 2, 037.30 | -76.02 | -3.60% |
| Dow Jones Industrial Average | 17, 399.86 | -611.21 | -3.39% |
| NASDAQ | 4, 707.98 | -202.06 | -4.12% |
