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November 14 Market Close: GovCon Index Ends Week With Nominal Decline

GovConIndexThe GovCon Index did not make it five-for-five on positive closing figures for this week as it ended Friday’s trading day at 68.933 — a decrease from Thursday’s figure by 0.086 percent, or 0.059 points.

A mixed day reflected investors’ attitude toward improved consumer confidence numbers and a 0.3 percent increase in retail sales for October, according to CNBC’s market summary.

CNBC cited comments from Art Hogan, chief market strategist at Wunderlich Securities, who told the network that investors are viewing lower crude oil prices as a microcosm of the global economy rather than of global supply.

The Dow Jones Industrial Average declined 0.1 percent to 17634.74, while the S&P 500 composite index increased 0.02 percent to 2039.82 and the NASDAQ composite index grew 0.18 percent to 4688.54.

Top Percentage Gainers

Company Stock Price $ Change % Change
Maximus $52.57 $2.35 4.68%
CGI Group $36.21 $0.62 1.74%
Raytheon $104.63 $1.51 1.46%
Navistar $36.10 $0.35 0.98%
Engility Holdings $43.89 $0.36 0.83%

Market Summary

Advancing Issues 11 (36.67%)
Declining Issues 19 (63.33%)
Unchanged Issues 0 (0.00%)

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

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