October 30 Morning Report: GovCon Index Down on Wednesday’s Close

GovConIndexThe GovCon Index closed Wednesday at 66.977, down 0.297 or 0.445 percent.

The Federal Reserve has ended a bond-buying program it had imposed to stimulate the economy, an announcement Reuters said Wednesday sent indicators to finish on a low.

The Dow Jones fell 31.44 points, or 0.18 percent, to 16, 974.1. The Standard & Poors 500 fell 2.75 points, or 0.14 percent, to 1, 982.3. Nasdaq lost 15.07 points, or 0.33 percent, to 4, 549.23.

Top Percentage Gainers

Company Stock Price % Change
Engility Holdings Inc. 42.16 12.07%
Serco Inc. 4.725 3.39%
Maximus Inc. 47.42 2.26%
Northrop Grumman Corp. 135.66 1.09%
SAIC 47.68 0.87%

Market Summary

Advancing Issues 15 (50.00%)
Declining Issues 15 (50.00%)
Unchanged Issues 0

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

You may also be interested in...


Ben Wenger Named Dedrone Chief Revenue Officer, Mary-Lou Smulders Appointed Chief Marketing Officer

Dedrone has named Ben Wenger, a two-decade enterprise technology sales veteran, as chief revenue officer and appointed Mary-Lou Smulders, strategic adviser at the counter-drone platform maker since February 2020, as chief marketing officer.

D.J. Dart VP

SAIC Promotes DJ Dart as DHS Enterprise VP

D.J. Dart, formerly business development executive for the Department of Homeland Security at Science Applications International Corp. (NYSE: SAIC), has elevated to the role of vice president for DHS enterprise. He joined SAIC through its acquisition of the Unisys Federal business in March 2020.