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  • Friday, November 22, 2024

May 10 Market Close: GCI Soars 1% as Lockheed, Northrop, HII Hit All-Time Highs in Intraday Trade


GovConIndexUPThe GovCon Index received a boost from large defense primes on a rebound in commodity prices Tuesday to close at a surge of 1.245 percent to a new three-month high of 78.322, which also extends the GCI’s current streak of gains to four sessions.

Lockheed Martin (NYSE: LMT),  Northrop Grumman (NYSE: NOC) and Huntington Ingalls Industries (NYSE: HII) all approached new 52-week highs in intraday trade.

Colorado Springs-based technology and communications services contractor Vectrus (NYSE: VEC) was scheduled to release its first-quarter financial results after the close of U.S. markets Tuesday.

The S&P 500 composite index that also includes 11 GCI stocks posted its largest gain in almost a month on recoveries in raw material commodities such as zinc and nickel with crude oil also up, according to Bloomberg.

Crude futures in New York jumped 2.8 percent to $44.65 a barrel on reports that supply from Nigeria and Libya could see disruptions, Bloomberg reported.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change –´ % Change
LMT Lockheed Martin* 244.36 +4.04 +1.68%
NOC Northrop Grumman* 217.43 +2.80 +1.30%
GD General Dynamics* 145.71 +2.74 +1.92%
BA Boeing* 134.72 +2.62 +1.98%
HII Huntington Ingalls Industries 156.17 +1.81 +1.17%

* Also listed in the S&P 500 composite index

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change –´
NAV Navistar International 12.22 +1.03 +9.20%
I Intelsat 3.86 +0.27 +7.52%
EGL Engility Holdings 23.98 +1.03 +4.49%
CAE CAE 12.09 +0.33 +2.81%
GIB CGI Group 45.04 +1.22 +2.78%

Market Summary

Advancing GovCon Index Issues 26
Declining GovCon Index Issues 4
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 78.322 +0.963 +1.245%
S&P 500 2, 084.39 +25.70 +1.25%
Dow Jones Industrial Average 17, 928.35 +222.44 +1.26%
NASDAQ 4, 809.88 +59.67 +1.26%

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