Hello, Guest!
  • Friday, November 22, 2024

September 8th Market Close: GovConIndex Closes Down as Major Indices Close Mixed


The Executive Mosaic GovCon Index (GCI) reversed its positive direction yesterday to close down 0.762 percent to 101.346. Advancing and declining shares closed evenly on the day. The platform companies Navistar International, BAE Systems, Textron Inc., and Boeing all shared the top slots of the GCI, all posting in excess of 1.0 percent gains.

The major indices closed mixed with minor change as the S&P500 down 0.15 percent to 2,461.43, while the DJIA gained a modest 0.06 percent to 21,797.79, and the NASDAQ Composite lost 0.59 percent to close at 6,360.19.

Crude oil pulled back today as WTI on the NY Mercantile Exchange closed down 3.12 percent to $47.56 per barrel. Markets reacted to the potential decline in demand for oil as Hurricane Irma bears down on The Florida Coast.

Market Summary

INDEX SETTLEMENT VALUE DAY NET CHANGE DAY % CHANGE   Y-T-D NET CHANGE Y-T-D % CHANGE
GovCon Index  101.346 -0.297 -0.762% +13.369 +15.20%
S&P 500 2,461.43 -3.67 -0.15% +209.86 +9.32%
Dow Jones Industrial Average 21,797.79 +13.01 +0.06%   +1,924.93 +9.69%
NASDAQ 6,360.19 -37.68 -0.59% +934.57 +17.23%
Advancing GovCon Index Issues 14
Declining GovCon Index Issues  16
Unchanged GovCon Index Issues  0

Top GovCon Index Daily Percentage Performers

Symbol Company $ Current Price Net Change –´ % Change
 NAV  Navistar Int’l  38.89 +0.69 +1.81%
 BAESY  BAE Systems  32.20 +0.43 +1.35%
 TXT*  Textron Inc.*  49.24 +0.53 +1.09%
 BA*  Boeing*  238.78 +2.47 +1.05%
 MCK*  McKesson Corp.*  156.94 +1.10 +0.71%

Top GovCon Index Daily Net Performers

Symbol Company $ Current Price Net Change –´ % Change
 BA*  Boeing*  238.78 +2.47 +1.05%
 NOC*  Northrop Grumman*  267.45 +1.58 +0.59%
 MCK*  McKesson Corp.*  156.94 +1.10 +0.71%
 GD*  General Dynamics Corp.*  197.87 +0.83 +0.42%
 LMT*  Lockheed Martin* 303.14 +0.79 +0.26%

Top GovCon Index Daily Percentage Decliners

Symbol Company $ Current Price Net Change –¾ % Change
 SAIC  SAIC 61.06 -13.60 -18.22%
 KBR  KBR 17.41 -0.63 -3.49%
 VEC  Vectrus 28.04 -0.59 -2.06%

*Companies Included in S&P500 Index

Video of the Day

Related Articles

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs Financial Reports

Lockheed Reports 14% Increase in Q1 2024 Net Sales; Jim Taiclet Offers Update on F-35, Next-Gen Interceptor, LRDR Programs

Lockheed Martin (NYSE: LMT) generated $17.2 billion in net sales during the first quarter of 2024, up 14 percent from the prior-year period’s $15.1 billion, and reported $1.5 billion in Q1 net earnings, or $6.39 per share. The Bethesda, Maryland-based aerospace and defense contractor said Tuesday it returned $1.8 billion in cash to shareholders through

Scott Wood Named VP of Defense Programs at T-Rex; Leslie Hubbard-Darr Quoted Executive Moves

Scott Wood Named VP of Defense Programs at T-Rex; Leslie Hubbard-Darr Quoted

Scott Wood, formerly vice president of programs at Leonardo DRS (Nasdaq: DRS), has been named VP of defense programs at T-Rex Solutions, a provider of information technology modernization services to government agencies. He will manage the company’s growth strategy and oversee the delivery of IT products and services to the Department of Defense in his

Lockheed Lands $157M USAF Joint Air-to-Surface Standoff Missile Enterprise Software Sustainment Contract Contract Awards

Lockheed Lands $157M USAF Joint Air-to-Surface Standoff Missile Enterprise Software Sustainment Contract

Lockheed Martin‘s (NYSE: LMT) rotary and mission systems division has secured a $157 million contract to help the U.S. Air Force sustain the enterprise management software of the service branch’s air-launched cruise missile system. The contractor will perform sustainment and modernization of the Joint Air-to-Surface Standoff Missile enterprise management software, build operational real-time combat analysis