The GovCon Index lagged for a third consecutive trading session Thursday to end at a decline of 0.412 points to 74.640 on the week’s final day of trade as U.S. financial markets are closed on Good Friday.
Thursday’s close puts the Index at a decline of 1.207 percent on a weekly basis to end the GCI’s streak of five consecutive weeks that ended in the positive.
Former Index stock Health Net has ceased trading on the New York Stock Exchange at $67.19 per share as its acquisition by fellow health insurer Centene (NYSE: CNC) has closed.
Executive Mosaic will replace Health Net with Montreal-based aerospace and defense company CAE (NYSE: CAE), which closed Thursday at $11.32 per share at a market capitalization of $3.1 billion.
Gains by technology and energy shares drove a late attempt in U.S. stocks to end in positive territory as financial stocks lagged on the overall market with the S&P 500 narrowly down 0.77 points at the close.
Investors monitored the U.S. dollar and crude oil prices with the New York benchmark settled down 0.8 percent to $39.46 a barrel after the latest oil rig survey should a decline of 15 rigs, according to CNBC.
Top GovCon Index Gainers
| Symbol | Company | $ Current Price | Net Change | % Change |
|---|---|---|---|---|
| VEC | Vectrus | 21.75 | +0.66 | +3.13% |
| OA | Orbital ATK | 84.05 | +1.28 | +1.55% |
| MCK | McKesson Corp. * | 157.29 | +2.26 | +1.46% |
| EGL | Engility Holdings | 17.69 | +0.16 | +0.91% |
| NAV | Navistar International | 12.24 | +0.10 | +0.82% |
* Also listed in the S&P 500 composite index
Market Summary
| Advancing GovCon Index Issues | 13 |
| Declining GovCon Index Issues | 16 |
| Unchanged GovCon Index Issues | 1 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 74.640 | -0.412 | -0.549% |
| S&P 500 | 2, 035.94 | -0.77 | -0.04% |
| Dow Jones Industrial Average | 17, 515.73 | +13.14 | +0.08% |
| NASDAQ | 4, 773.50 | +4.64 | +0.10% |
