January 12 Morning Report: GovCon Index Closed Friday Slightly Down On Reports Of December Wage Decline

GovConIndexDOWNThe GovCon Index ended a strong trading week slightly down, closing Friday at 70.995 — off .306 points — or 0.433 percent.

For the trading week Jan. 5-9, the index recorded a 0.516 percent increase and hit its second-ever largest closing figure within the past three months.

U.S. stocks declined after two straight days of gains as investors showed concern over the Labor Department‘s new jobs report that showed decreases in average hourly earnings during December,  according to Bloomberg.

The Dow Jones Industrial Average fell 170.50 points to 17, 737.37, the S&P 500 composite index lost 17.33 points to 2, 044.81 and the NASDAQ composite index declined 32.12 points to 4, 704.07.

 

Top Percentage Gainers

Company Stock Price $ Change % Change
Serco Inc.   2.3936   0.0376   1.60%
CSC   64.29   1.00   1.58%
Booz Allen   27.86   0.32   1.16%
BAE Systems Inc.   28.34   0.12   0.43%
Northrop   152.74   0.57   0.37%

Market Summary

Advancing Issues     7 (23.33%)
Declining Issues   23 (76.66%)
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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