Hello, Guest!
  • Friday, November 22, 2024

April 11 Market Close: GovCon Index Hits Free Fall in Last Trading Hour, Closes at Loss


GovConIndexDOWNThe GovCon Index mirrored the larger U.S. stock indices’ reversal into negative territory in the last hour of trade Monday and closed at a loss of 0.222 points to 74.005 with no clear driver of news on activity in markets.

The GCI opened up nearly a half-percent in the first 45 minutes with the S&P 500 composite index at a 0.4-percent gain then as investors initially reacted to positive movement in European markets before the late afternoon decline.

Material and financial stocks were the biggest S&P 500 gainers and offset by declines in biotechnology, telecommunications and healthcare shares.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
NAV Navistar International 12.02 +0.39 +3.35%
CSRA CSRA* 26.19 +0.51 +1.99%
ACM AECOM 29.77 +0.21 +0.71%
CAE CAE 11.35 +0.06 +0.53%
GIB CGI Group 47.99 +0.24 +0.50%

* Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 14
Declining GovCon Index Issues 16
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 74.005 -0.222 -0.299%
S&P 500 2, 041.99 -5.61 -0.27%
Dow Jones Industrial Average 17, 556.41 -20.55 -0.12%
NASDAQ 4, 833.40 -17.29 -0.36%

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

GovCon Index, Major US Indexes Ended With Losses on Weak April Start Financial Reports

GovCon Index, Major US Indexes Ended With Losses on Weak April Start

Executive Mosaic’s GovCon Index rose 0.46% to $4,896.02 Friday as 22 of its constituents advanced. However, the index, which tracks the stock performances of 30 major government contractors, still ended 1.35% lower week-on-week due to the weak start in April. Wall Street’s major indexes closed the week with losses despite bouncing back from their slump.