January 12 Market Close: GovCon Index Falls, Investors Prep for Earnings Season

GovConIndexDOWNThe GovCon Index started the week with a loss of 0.512 points — or 0.732 percent — to close at 70.483 on Monday.

Investors showed concern over continued declines in oil prices and are preparing to watch the start of quarterly earnings reports, CNBC reports.

Crude futures on the New York Mercantile Exchange closed at $46.09 per barrel and traded below the $46 level for the first time in almost five years, according to CNBC.

The Dow Jones Industrial Average fell 96.53 points to 17, 640.84, the S&P 500 composite index lost 16.54 points to 2, 028.27 and the NASDAQ composite index declined 39.36 points to 4, 664.71.

Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Navistar   32.05   0.55   1.75%
  Maximus   54.45   0.32   0.59%
  Exelis   17.01   0.05   0.29%
  BAE Systems Inc.   28.385   0.045   0.16%
  Engility Holdings   40.94   0.03   0.07%

Market Summary

Advancing Issues     5 (16.66%)
Declining Issues   25 (83.33%)
Unchanged Issues     0

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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