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  • Thursday, April 25, 2024

June 9 Market Close: GovCon Index Flat, US Stocks Post Little Change in Investor Outlook Reset


GovConIndexDOWNThe GovCon Index attempted an afternoon reversal from its morning decline Thursday and closed at a nominal loss of 0.004 points to 80.493 as U.S. investors paused their recent stretch of optimism before the Federal Reserve‘s policy meeting next week and other key events to gauge the global economy.

Thursday ends the Index’s stretch of gains at six as gainers and laggers were split evenly at 15 each, while Honeywell International (NYSE: HON) and L-3 Communications (NYSE: LLL) both reached 52-week highs in intraday trade.

According to Bloomberg, traders have priced in December as the most likely month for the next interest rate hike by the Fed with almost zero odds for the central bank’s June summit set for Tuesday and Wednesday.

Britain’s vote in July on whether to exit the European Union is also a focal point of attention for global markets as is the U.S. election in November.

Top GovCon Index Net Gainers

SymbolCompany$ Current PriceNet Change ▴% Change
HONHoneywell International*117.21+1.14+0.98%
LLLL-3 Communications*147.90+0.99+0.67%
HIIHuntington Ingalls Industries163.75+0.97+0.60%
OAOrbital ATK90.63+0.94+1.05%
NOCNorthrop Grumman*218.58+0.92+0.42%

Top GovCon Index Percentage Gainers

SymbolCompany$ Current PriceNet Change% Change ▴
OAOrbital ATK90.63+0.94+1.05%
HONHoneywell International*117.21+1.14+0.98%
ICFIICF International42.44+0.33+0.78%
LLLL-3 Communications*147.90+0.99+0.67%
HIIHuntington Ingalls Industries163.75+0.97+0.60%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues15
Declining GovCon Index Issues15
Unchanged GovCon Index Issues0
IndexValueNet Change% Change
GovCon Index80.493-0.004-0.005%
S&P 5002, 115.48-3.64-0.17%
Dow Jones Industrial Average17, 985.19-19.86-0.11%
NASDAQ4, 958.62-16.03-0.32%

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