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December 19 Market Close: GovCon Index Inches Up

GovConIndexUP

The GovCon Index ended the trading week with a gain of 0.165 points — or 0.233 percent — to close at 70.379 on Friday.

Investment activity continued to reflect traders’ attitudes toward how major central banks could raise interest rates as the Federal Reserve said this week such an increase will likely not happen soon, according to the Wall Street Journal.

The Dow Jones industrial average gained 26.65 points — or 0.15 percent — to 17, 804.80, the S&P 500 index rose 9.42 points — or 0.46 percent — to 2, 070.65 and the NASDAQ composite index increased 16.98 points, or 0.36 percent, to 4, 765.38.

Top Percentage Gainers

Company Stock Price $ Change % Change
 CGI Group  38.09  0.91  2.45%
 Booz Allen Hamilton  26.065  0.615  2.42%
 Navistar  32.87  0.66  2.05%
 Harris Corp.  72.85  1.36  1.90%
 Textron  42.71  0.72  1.71%

Market Summary

Advancing Issues  16 (53.33%)
Declining Issues  14 (46.66%)
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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