The GovCon Index fell for a third consecutive session Friday by 0.435 points to 78.356 in a close that snaps the GCI’s four-week gain streak as market activity was shaped by continued reaction to the latest Federal Reserve interest rate outlook and uncertainty over the Brexit referendum.
The GCI recorded a weekly decline of 1.97 percent compared to the S&P 500’s respective fall of 1.18 percent in the final full-trading week ahead of the Britain’s Thursday referendum on whether to leave the European Union.
The Fed cited the Brexit vote as a potential source of volatility to the U.S. economy in the central bank’s mid-week statement to leave interest rates unchanged.
Top GovCon Index Net Gainers
| Symbol | Company | $ Current Price | Net Change –´ | % Change |
|---|---|---|---|---|
| NAV | Navistar International | 12.15 | 0.59 | 5.10% |
| HII | Huntington Ingalls Industries | 159.75 | 0.50 | 0.31% |
| BA | Boeing * | 129.82 | 0.45 | 0.35% |
| ACM | AECOM | 32.18 | 0.39 | 1.23% |
| BAESY | BAE Systems | 27.58 | 0.32 | 1.17% |
Top GovCon Index Percentage Gainers
| Symbol | Company | $ Current Price | Net Change | % Change –´ |
|---|---|---|---|---|
| I | Intelsat | 2.66 | 0.14 | 5.56% |
| NAV | Navistar International | 12.15 | 0.59 | 5.10% |
| EGL | Engility Holdings | 22.03 | 0.27 | 1.24% |
| ACM | AECOM | 32.18 | 0.39 | 1.23% |
| BAESY | BAE Systems | 27.58 | 0.32 | 1.17% |
*Also listed in the S&P 500 composite index
Market Summary
| Advancing GovCon Index Issues | 11 |
| Declining GovCon Index Issues | 19 |
| Unchanged GovCon Index Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 78.356 | -0.435 | -0.552% |
| S&P 500 | 2, 071.23 | -6.76 | -0.33% |
| Dow Jones Industrial Average | 17, 675.16 | -57.94 | -0.33% |
| NASDAQ | 4, 800.34 | -44.58 | -0.21% |
