Hello, Guest!
  • Friday, April 19, 2024

March 31 Market Close: GovCon Index Retreats, Market Shows Jitters Ahead of Earnings Season


GovConIndexDOWNThe GovCon Index retreated from Monday’s gain to record a loss of 1.154 percent and close at 69.067 on Tuesday.

U.S. investors are watching for many economic reports this week such as the jobs report, data on construction and manufacturing and factory orders, CNBC reported.

Many corporate earnings reports for their first fiscal quarters will start to become public in April and a strong U.S. dollar will likely be a factor, according to CNBC.

The Dow Jones Industrial Average sank 1.11 percent to 17, 776.12, the S&P 500 composite index fell 13.35 points to 2, 067.89 and the NASDAQ composite index lost 46.56 points to 4, 900.88.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Intelsat   12.00   0.20   1.69%
  Harris Corp.   78.76   1.13   1.46%
  Navistar   29.50   0.33   1.13%
  Maximus   66.76   0.36   0.54%
  Exelis   24.37   0.10   0.41%

Market Summary

  Advancing Issues    5 (16.66%)
  Declining Issues    25 (83.33%)
  Unchanged Issues    0

Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.

Video of the Day

Related Articles

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.

GovCon Index Posted Weekly and Monthly Gains, Dow Jones & S&P 500 Marked Best 1st Quarters Financial Reports

GovCon Index Posted Weekly and Monthly Gains, Dow Jones & S&P 500 Marked Best 1st Quarters

Executive Mosaic’s GovCon Index closed 0.41% higher to $4,963.08 to end the shortened week and March in the positive zone. The index, which tracks the stock performances of 30 major government contractors, also outperformed Wall Street’s major stock indexes for the week with a 1.69% gain. Despite Thursday’s subdued session, the S&P 500 rose 0.11% to