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.

Check Also

Intelligence Community Adopts Tech, Telework to Meet Mission Requirements During Pandemic

The U.S. intelligence community has initiated changes to its work operations to ensure continuity, meet mission needs and safeguard the health of its workforce amid the coronavirus pandemic, Government Executive reported Thursday.

Vectrus-J&J JV Wins Potential $154M IDIQ for Naval Base Operations Support

A joint venture between Vectrus (NYSE: VEC) and J&J Worldwide Services has won a potential seven-year, $154.1M contract to help operate the Naval Support Activity installation in Annapolis, Md. Vectrus-J&J Facilities Support will manage facilities, administer general information, oversee wastewater operations, provide transportation and perform other base support services under the indefinite-delivery/indefinite-quantity contract, the Department of Defense said Thursday.