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  • Friday, November 22, 2024

July 14 Market Close: GovCon Index Boosted on Boeing, General Dynamics Gains


GovConIndexUPExecutive Mosaic’s GovCon Index held higher for a fifth straight session Thursday on contributions from aerospace stocks Boeing (NYSE: BA) and General Dynamics (NYSE: GD) as U.S. financial markets received a boost from gains in JPMorgan (NYSE: JPM) shares.

The GovCon Index rose 0.072 points to a record 81.823 as the S&P 500 composite index also traded higher on strong financial stock performances as that sector led all advancers after JPMorgan posted second quarter profit above analyst expectations.

Shares in Boeing gained 1.11 percent after the airplane maker reported $26.8 billion in commercial aircraft orders at list prices during the Farnborough airshow and General Dynamics added 83 cents — or 0.59 percent.

Seven of the GovCon Index’s 11 S&P 500 companies posted gains and five GCI stocks new 52-week highs during intraday trade: Lockheed Martin (NYSE: LMT), AECOM (NYSE: ACM), Honeywell International (NYSE: HON), ManTech International (NASDAQ: MANT) and Vectrus (NYSE: VEC).

Military shipbuilder Huntington Ingalls Industries ended Thursday as the GCI’s biggest net lagger by $1.18 — or 68 cents.

According to Reuters, U.S. investors also cheered a fall in weekly jobless claims and a rise in producer prices for June that was the benchmark’s biggest in a year.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change –´ % Change
BA Boeing * 131.55 1.44 1.11%
GD General Dynamics * 142.56 0.83 0.59%
MCK McKesson Corp. * 198.03 0.62 0.31%
COL Rockwell Collins 85.82 0.61 0.72%
LDOS Leidos Holdings 50.00 0.45 0.91%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change –´
BA Boeing * 131.55 1.44 1.11%
GIB CGI Group 44.68 0.42 0.95%
LDOS Leidos Holdings 50.00 0.45 0.91%
ACM AECOM 34.28 0.30 0.88%
COL Rockwell Collins 85.82 0.61 0.72%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 18
Declining GovCon Index Issues 11
Unchanged GovCon Index Issues 1
Index Value Net Change % Change
GovCon Index 81.823 +0.072 +0.088%
S&P 500 2, 163.75 +11.32 +0.53%
Dow Jones Industrial Average 18, 506.41 +134.29 +0.73%
NASDAQ 5, 034.06 +28.33 +0.57%

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