Hello, Guest!
  • Saturday, November 23, 2024

June 27 Morning Report: Raytheon Lone Gainer as GovCon Index Drops After Brexit Vote


GovConIndexDOWNThe GovCon Index closed Friday with its worst one-day percentage decline in 2016 at 2.805 percent to 77.327 on the heels of Britain’s vote to leave the European Union.

The referendum vote impacted financial markets worldwide, with the Index capping the week at a 1.175-percent loss while the S&P 500 composite index dropped 3.6 percent Friday and entered negative territory on a year-to-date basis.

 

Raytheon (NYSE: RTN) was GCI’s lone gainer Friday with a 92-cent climb.

Market Summary

Advancing GovCon Index Issues 1
Declining GovCon Index Issues 29
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 77.327 -2.232 -2.805%
S&P 500 2, 037.30 -76.02 -3.60%
Dow Jones Industrial Average 17, 399.86 -611.21 -3.39%
NASDAQ 4, 707.98 -202.06 -4.12%

Video of the Day

Related Articles

RTX Posts 12% Sales Growth in Q1 2024; Chris Calio Quoted Financial Reports

RTX Posts 12% Sales Growth in Q1 2024; Chris Calio Quoted

RTX (NYSE: RTX) has reported first quarter 2024 sales of $19.3 billion, a 12 percent increase from the prior-year period, and posted GAAP earnings per share of $1.28, up 32 percent compared to the previous year. In an earnings statement published Tuesday, RTX said it recorded $1.3 billion in gross proceeds from the divestiture of

Srini Dixit Appointed CAE Defense & Security CFO Executive Moves

Srini Dixit Appointed CAE Defense & Security CFO

Srini Dixit was named chief financial officer of CAE‘s defense and security business, joining the Arlington, Texas-located aviation services company from RTX‘s (NYSE: RTX) Raytheon subsidiary where he previously worked as vice president and CFO of its air power strategic business unit. He announced his appointment to the CAE Defense & Security executive leadership team

RTX Names Jeff Standerski as Mission 24 VP at Raytheon Executive Moves

RTX Names Jeff Standerski as Mission 24 VP at Raytheon

Jeff Standerski, an industry executive, has been appointed vice president for Mission 24 at RTX (NYSE: RTX) business Raytheon. He disclosed the move in a LinkedIn post published Monday. In this capacity, Standerski oversees transformation efforts at Raytheon with a focus on advancing program execution and business growth initiatives and improving operational productivity, according to