April 30 Market Close: GovCon Index Plunges 2%, Biotech Losses Send Stocks Down
April 30 Market Close: GovCon Index Plunges 2%, Biotech Losses Send Stocks Down
The GovCon Index capped the month of April with a decline of 2.001 percent to hit its lowest closing figure of the month at 73.372.
Bloomberg cited losses in small cap and biotechnology stocks as a driver of declines in U.S. stock markets Thursday and continued scrutiny of investors on the Federal Reserve‘s two-day meeting notes.
Traders also weighed economic data that showed consumer spending rose in March and U.S. jobless claims declined to a 15-week low, according to Bloomberg.
The Dow Jones Industrial Average fell 1.08 percent to 17,840.52, the S&P 500 composite index declined 1.01 percent to 2,085.51 and the NASDAQ composite index lost 1.64 percent to 4,941.43.
Percentage Gainers
Company
Stock Price
$ Change
% Change
CACI International
88.24
1.86
2.15%
Intelsat
12.59
0.17
1.37%
Harris Corp.
80.24
0.98
1.24%
Cubic Corp.
49.58
0.22
0.45%
Exelis
24.52
0.08
0.33%
Market Summary
Advancing Issues
4 (13.33%)
Declining Issues
26 (86.66%)
Unchanged Issues
0
Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.
biotechnology CACI cubic Exelis featured Federal Reserve financial report GovCon Index Harris Corp Intelsat2015-04-30Ross WilkersShareFacebook
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April 30 Market Close: GovCon Index Plunges 2%, Biotech Losses Send Stocks Down
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