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November 21 Market Close: GovCon Index Up as Investors React to China, Europe Moves

GovConIndexThe GovCon Index ended the last full trading week before this year’s Thanksgiving holiday with a modest gain of 0.687 percent Friday to close at 69.600.

According to the Wall Street Journal, U.S. stocks made gains that reflected how investors reacted to comments from the European Central Bank’s chief that its stimulus program could grow in an effort to jump-start growth.

China’s central bank cut interest rates as the country appears set to miss its annual growth target for the first time in more than 15 years, the Journal reported.

The Dow Jones Industrial Average gained 0.51 percent to close at 17, 810.06, the S&P 500 composite index rose 0.52 percent to 2, 063.50 and the NASDAQ composite index increased 0.24 percent to 4, 712.97.

Top Percentage Gainers

Company Stock Price $ Change % Change
 Navistar  36.25  0.84  2.37%
 Orbital  27.14  0.44  1.65%
 Intelsat  17.25  0.27  1.59%
 Honeywell  98.23  1.50  1.55%
 Raytheon  105.78  1.53  1.47%

Market Summary

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