Executive 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
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 79.605 | -1.122 | -1.39% |
| S&P 500 | 2, 127.02 | -32.02 | -1.48% |
| Dow Jones Industrial Average | 18, 066.75 | -258.32 | -1.41% |
| NASDAQ | 5, 155.25 | -56.63 | -1.09% |
| Advancing GovCon Index Issues | 2 |
| Declining GovCon Index Issues | 28 |
| Unchanged GovCon Index Issues | 0 |
Lowest GovCon Index Net Performers
| Symbol | Company | $ Current Price | Net Change –¾ | % Change |
|---|---|---|---|---|
| MCK | McKesson Corp.* | 175.84 | -4.63 | -2.57% |
| HII | Huntington Ingalls | 160.90 | -3.81 | -1.94% |
| LLL | L-3 Communications | 146.64 | -2.31 | -1.55% |
Lowest GovCon Index Percentage Performers
| Symbol | Company | $ Current Price | Net Change | % Change –¾ |
|---|---|---|---|---|
| GIB | CGI Group | 46.11 | -1.76 | -3.68% |
| MMS | Maximus Inc. | 57.01 | -1.75 | -2.98% |
| EGL | Engility Holdings | 29.43 | -0.86 | -2.84% |
