The GovCon Index swung back into positive territory after an early morning decline Thursday and closed at a gain of 0.314 points to 78.927 as U.S. investors looked toward the release of Friday’s jobs report before markets open.
L-3 Communications (NYSE: LLL) hit a new 52-week high in intraday trade after the New York City-based defense contractor was selected for a nine-year, $1.9 billion contract to carry out logistics work on the Air Force‘s KC/KDC-10 refueling aircraft.
U.S. stocks have started June on a largely muted basis as investors have started to focus on the Federal Reserve‘s mid-month meeting that could feature another interest rate increase with the payrolls report due Friday as a gauge for investors to determine the central bank’s path, according to Bloomberg.
Crude oil futures in New York settled up one-half percent to $49.23 a barrel as the global Brent benchmark in London added 0.6 percent to $50.05 despite news that OPEC member countries did not agree on a production target at their meeting in Vienna.
Top GovCon Index Net Gainers
| Symbol | Company | $ Current Price | Net Change –´ | % Change |
|---|---|---|---|---|
| MCK | McKesson Corp.* | 187.79 | +3.26 | +1.77% |
| LLL | L-3 Communications* | 139.86 | +1.58 | +1.14% |
| OA | Orbital ATK | 89.77 | +1.21 | +1.37% |
| RTN | Raytheon* | 132.16 | +0.92 | +0.70% |
| HON | Honeywell International* | 114.53 | +0.59 | +0.52% |
Top GovCon Index Percentage Gainers
| Symbol | Company | $ Current Price | Net Change | % Change –´ |
|---|---|---|---|---|
| NAV | Navistar International | 11.62 | +0.47 | +4.22% |
| I | Intelsat | 3.52 | +0.08 | +2.33% |
| CSRA | CSRA* | 25.67 | +0.54 | +2.15% |
| MCK | McKesson Corp.* | 187.79 | +3.26 | +1.77% |
| OA | Orbital ATK | 89.77 | +1.21 | +1.37% |
* Also listed in the S&P 500 composite index
Market Summary
| Advancing GovCon Index Issues | 22 |
| Declining GovCon Index Issues | 8 |
| Unchanged GovCon Index Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 78.613 | +0.507 | +0.649% |
| S&P 500 | 2, 105.26 | +5.93 | +0.28% |
| Dow Jones Industrial Average | 17, 838.56 | +48.89 | +0.27% |
| NASDAQ | 4, 971.36 | +19.11 | +0.39% |
