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November 19: GovCon Index Shows Little Change as Fed Releases Policy Meeting Minutes

GovConIndex

The GovCon Index remained flat from Tuesday’s closing figure as the index declined 0.341 percent to close at 69.115.

Stocks held relatively level after the release of the Federal Reserve’s policy meeting minutes that indicated the central bank wants to keep interest rates low and that the Fed is still concerned over medium-term inflation, CNBC reported.

Fed members expect inflation to return to the Federal Open Market Committee’s 2-percent target within that timeframe, according to CNBC’s summary.

The Dow Jones Industrial Average declined 0.01 percent to 17, 685.73, the S&P 500 lost 0.15 percent to 2, 048.72 and the NASDAQ decreased 0/57 percent to 4, 675.71

Top Percentage Gainers

Company Stock Price $ Change % Change
Textron $42.83 $0.38 0.90%
Boeing $131.61 $0.95 0.73%
Exelis $18.00 $0.10 0.56%
SAIC $49.71 $0.27 0.55%
Computer Sciences Corp. $62.28 $0.26 0.42%

Market Summary

Advancing Issues 13 (43.33%)
Declining Issues 17 (56.66%)
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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