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February 18 Market Close: GovCon Index, US Stocks Remain Flat as Fed Minutes Go Public

GovConIndexUPThe GovCon Index recorded a relatively flat trading day Wednesday with a nominal gain of 0.18 points to close at 69.798.

U.S. traders mulled the release of the Federal Reserve‘s minutes showed the central bank would exercise continued patience before a potential interest rate increase, according to CNBC.

Investors also considered news that the European Central Bank signed off on a two-week extension of liquidity for Greece’s banks, CNBC reported.

The Dow Jones Industrial Average lost 17.73 points to 18, 029.85, the S&P 500 composite index dropped 0.69 points to 2, 099.65 and the NASDAQ composite index gained 7.1 points to 4, 906.36.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Orbital ATK   64.07   1.73   2.78%
  Huntington Ingalls   128.41   2.90   2.31%
  Serco Inc.   3.11   0.05   1.63%
  Booz Allen Hamilton   44.82   0.38   1.28%
  Leidos Holdings   44.80   0.55   1.24%

Market Summary

  Advancing Issues    23 (76.66%)
  Declining Issues      7 (23.33%)
  Unchanged Issues      0

Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.

(Editors note: Orbital ATK and Huntington Ingalls joined the Index Feb. 10)

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