November 26 Market Close: GovCon Index Extends Climb With Push From Cubic

GovConIndexThe GovCon Index continued its week of gains into a third straight day as it closed at 70.507 — a 0.35 percent increase from Tuesday.

Cubic Corp. (NYSE: CUB) was the largest gainer for the Index as the company said in its earnings release it set a new quarterly revenue record.

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Reuters cited technology stocks as drivers of increases across the stock market and energy shares as a pressure on the market as oil prices continued to fall.

October saw an increase in U.S. consumer spending and consumer confidence has reached its highest level within the past seven-and-a-half years, according to Reuters.

The Dow Jones Industrial Average increased 0.07 percent to 17, 827.25, the S&P 500 composite index climbed 0.28 percent to 2, 072.83 and the NASDAQ composite index rose 0.61 percent to 4, 787.32.

Top Percentage Gainers

Company Stock Price $ Change % Change
 Cubic Corp.  50.92  $3.85  8.18%
 ICF International  39.52  $1.01  2.62%
 CACI International  88.44  $1.11  1.27%
 Booz Allen Hamilton  26.65  $0.20  0.76%
 BAE Systems Inc.  29.98  $0.20  0.67%

Market Summary

Advancing Issues 17 (56.66%)
Declining Issues 12 (30.00%)
Unchanged Issues 1 (0.03%)

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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