December 1 Market Close: GovCon Index Starts Month With Loss

GovConIndexThe GovCon Index kicked off the final month of 2014 with a decline of 0.826 percent – or 0.574 points – to 70.058 on Monday.

Lower-than-expected sales over Thanksgiving weekend and a decline in Supply Management’s national factory activity index for October drove stock prices downward, CNBC reported.

Laggers led gainers by a three-to-one ratio for companies that trade on the New York Stock Exchange, according to CNBC’s market summary.

The Dow Jones Industrial Average lost 0.29 percent to close at 17, 776.80, the S&P 500 declined 0.68 percent to close at 2, 053.44 and the NASDAQ composite index’s seven-day gaining streak ended with a 1.34-percent loss to 4, 727.35.

Top Percentage Gainers

Company Stock Price $ Change % Change
 Cubic Corp.  52.84  1.39  2.70%
 Navistar  36.16  0.36  1.01%
 Serco Inc.  2.71  0.027  1.01%
 Maximus  52.68  0.29  0.55%
 Computer Sciences Corp.  63.52  0.14  0.22%
 CGI Group  36.73  0.08  0.22%

Market Summary

Advancing Issues 9 (30.00%)
Declining Issues 21 (70.00%)
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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