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  • Friday, November 22, 2024

September 18th Market Close: GovConIndex Rises on News of Northrop’s Acquisition of Orbital ATK


The Executive Mosaic GovCon Index (GCI) increased significantly on the day reaching a new YTD high of 104.137 up 1.786 percent. Orbital ATK  and Northrop Grumman top the GCI with the news of Northrop Grumman’s intent to acquire the global aerospace and defense company.

The three major indices all closed in the positive. The S&P500 remained above the 2500 mark and closed at another new high of 2,503.87 up 0.15 percent, while the DJIA set new records gaining 0.28 percent to 22,331.35, and the NASDAQ Composite, moved upward by 0.10 percent to close at 6,454.64.

Crude oil advanced for the seventh consecutive day reaching a 45 day high. WTI on the NY Mercantile Exchange just shy of the $50 mark, closed at $49.91 per barrel up 0.04 percent as it spent the better part of the trading day in the negative.

Market Summary

INDEX SETTLEMENT VALUE DAY NET CHANGE DAY % CHANGE   Y-T-D NET CHANGE Y-T-D % CHANGE
GovCon Index  104.137 +1.838 +1.786% +16.16 +18.37%
S&P 500  2,503.87 +3.64 +0.15%   +252.30 +11.21%
Dow Jones Industrial Average 22,331.35 +63.01 +0.28%   +2,458.49 +12.37%
NASDAQ  6,454.64 +6.17 +0.10%   +1,029.02 +18.97%
Advancing GovCon Index Issues  23
Declining GovCon Index Issues 6
Unchanged GovCon Index Issues  1

Top GovCon Index Daily Percentage Performers

Symbol Company $ Current Price Net Change –´ % Change
 OA*  Orbital ATK*  132.25 +22.21 +20.18%
 NOC*  Northrop Grumman*  275.97 +8.94 +3.35%
 BAESY  BAE Systems  33.96 +1.06 +3.22%
 CUB  Cubic Corp.  45.75 +1.40 +3.16%
 EGL  Engility Holdings, Inc. 30.52 +0.85 +2.86%

Top GovCon Index Daily Net Performers

Symbol Company $ Current Price Net Change –´ % Change
 OA*  Orbital ATK*  132.25 +22.21 +20.18%
 NOC*  Northrop Grumman* 275.97 +8.94 +3.35%
 BA*  Boeing* 253.08 +4.08 +1.64%
 GD*  General Dynamics Corp.*  202.18 +3.91 +1.97%
 HII  Huntington Ingalls Industries 215.57 +3.16 +1.49%

Top GovCon Index Daily Percentage Decliners

Symbol Company $ Current Price Net Change –¾ % Change
 CSRA*  CSRA* 31.63 -0.35 -1.09%
 MCK*  McKesson Corp.* 148.42 -1.46 -0.97%
 HON*  Honeywell Int’l Inc.*  137.67 -1.28 -0.92%

*Companies Included in S&P500 Index

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