The GovCon Index attempted an afternoon reversal from its morning decline Thursday and closed at a nominal loss of 0.004 points to 80.493 as U.S. investors paused their recent stretch of optimism before the Federal Reserve‘s policy meeting next week and other key events to gauge the global economy.
Thursday ends the Index’s stretch of gains at six as gainers and laggers were split evenly at 15 each, while Honeywell International (NYSE: HON) and L-3 Communications (NYSE: LLL) both reached 52-week highs in intraday trade.
According to Bloomberg, traders have priced in December as the most likely month for the next interest rate hike by the Fed with almost zero odds for the central bank’s June summit set for Tuesday and Wednesday.
Britain’s vote in July on whether to exit the European Union is also a focal point of attention for global markets as is the U.S. election in November.
Top GovCon Index Net Gainers
| Symbol | Company | $ Current Price | Net Change –´ | % Change |
|---|---|---|---|---|
| HON | Honeywell International* | 117.21 | +1.14 | +0.98% |
| LLL | L-3 Communications* | 147.90 | +0.99 | +0.67% |
| HII | Huntington Ingalls Industries | 163.75 | +0.97 | +0.60% |
| OA | Orbital ATK | 90.63 | +0.94 | +1.05% |
| NOC | Northrop Grumman* | 218.58 | +0.92 | +0.42% |
Top GovCon Index Percentage Gainers
| Symbol | Company | $ Current Price | Net Change | % Change –´ |
|---|---|---|---|---|
| OA | Orbital ATK | 90.63 | +0.94 | +1.05% |
| HON | Honeywell International* | 117.21 | +1.14 | +0.98% |
| ICFI | ICF International | 42.44 | +0.33 | +0.78% |
| LLL | L-3 Communications* | 147.90 | +0.99 | +0.67% |
| HII | Huntington Ingalls Industries | 163.75 | +0.97 | +0.60% |
*Also listed in the S&P 500 composite index
Market Summary
| Advancing GovCon Index Issues | 15 |
| Declining GovCon Index Issues | 15 |
| Unchanged GovCon Index Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 80.493 | -0.004 | -0.005% |
| S&P 500 | 2, 115.48 | -3.64 | -0.17% |
| Dow Jones Industrial Average | 17, 985.19 | -19.86 | -0.11% |
| NASDAQ | 4, 958.62 | -16.03 | -0.32% |
