Ireland Degges
Executive Mosaic’s GovCon Index fell back into negative territory last week, closing with a 0.47% decrease on Friday. This decline was reflective of a four-day losing streak that began on Tuesday.
GovCon Index is an aggregate index that compiles stock market data from 30 staple government contracting companies. This information is presented in real time, allowing users to evaluate changing market trends as they occur while gaining key insights into the performance of each individual organization.
Though the previous week indicated a promising shift back to growth, this momentum was not sustained. Last week’s downward turn was consistent with the general negative trend in June, during which losses occurred during three out of four weeks.
Despite this slow period, GovCon Index has risen by 5.92% year-to-date.
To get a closer look at daily GovCon Index performance, check out last week’s market reports. Click here to access the complete list of tracked companies.
