From Prisons to IT, DHS Funding Fight Hits Contractors’ Shares

Renewed backlash over White House deportation policies is clouding the outlook for shares of government contractors, the latest blow to a group of companies jolted by policy uncertainty during the Trump administration.

From private prison operator Geo Group Inc. to technology services companies such as CACI International Inc. and Booz Allen Hamilton Holding Corp., contractors’ stocks have had a rough ride since the killing of a second US citizen in Minneapolis by federal agents fueled fresh opposition to President Donald Trump’s deportation efforts.

On Wednesday, Democrats in Congress threatened to oppose a measure for funding the Department of ...