Hello, Guest!
  • Friday, December 27, 2024

May 11 Market Close: GovCon Index Down, Rumors of a Possible Textron Acquisition


The Executive Mosaic GovCon Index posted minor losses to close down 0.011 percent to 93.282 with advancers and decliners split evenly. Textron topped of the GovCon Index board gaining 3.60 per cent on rumors of a possible acquisition by Lockheed Martin hit the streets.

U.S. major markets closed down as the Bloomberg Consumer Comfort Index showed consumers having hesitations about the strength of the U.S. economy. The NASDAQ closed down 13 points to 6,115.96 ending the five days of record highs.

WTI rose again for the second consecutive day up $0.45 to $47.78. OPEC gave strong indications of continuing oil cuts until the end of the year with the firm decision to be made at the OPEC meeting on May 25th.

 Today Market Summary

Index Value Net Change % Change
GovCon Index 93.282 -0.010 -0.011%
S&P 500 2,394.44 -5.19 -o.22%
Dow Jones Industrial Average 20,919.42 -23.69 -0.11%
NASDAQ 6,115.96 -13.18 -0.22%
Advancing GovCon Index Issues 14
Declining GovCon Index Issues 16
Unchanged GovCon Index Issues 0

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change –´ % Change
TXT Textron * 48.57 +1.69 +3.60%
MCK McKesson Corp. * 145.70 +2.47 +1.72%
OA Orbital ATK 99.43 +1.34 +1.37%
LDOS Leidos Holdings 52.70 +0.27 +0.51%
MMS Maximus  63.47  +0.28 +0.44%

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change –´ % Change
MCK McKesson Corp. * 145.70 +2.47 +1.72%
TXT Textron * 48.57 +1.69 +3.60%
OA Orbital ATK 99.43 +1.34 +1.37%
BA Boeing * 183.94 +0.76 +0.41%
GD General Dynamics *  194.98  +0.59 +0.30%

Top GovCon Index Percentage Decliners

Symbol Company $ Current Price Net Change –¾ % Change
CUB Cubic Corp. 45.45 -1.40 -2.99%
EGL Engility Holdings 27.39 -0.45 -1.62%
MANT ManTech Intern. 38.31 -0.55 -1.42%

*Companies Included in S&P500 Index

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment Contract Awards

Boeing Secures $112M Navy Order for F/A-18E/F Block III, E/A-18G Aircraft Equipment

Boeing (NYSE: BA) has booked a $111.9 million undefinitized firm-fixed-price order from the U.S. Navy to manufacture and deliver avionics long lead time parts and spares in support of the F/A-18E/F Block III and E/A-18G aircraft. The Department of Defense said Thursday the award, which was made against a previously issued basic ordering agreement, supports