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)

Check Also

health care

Aptive-HTG JV Wins $121M in VA Health System Modernization Task Orders

A joint venture between Aptive Resources and Enterprise Resource Performance Inc. has won two task orders worth $121M combined to provide systems integration and operational support for the Department of Veterans Affairs’ healthcare networks.

IMAP mission

SpaceX to Help Launch NASA’s Heliosphere Exploration Spacecraft Under $109M Contract

SpaceX will provide launch services under a potential $109.4M contract for a NASA-funded mission that seeks to further study the heliosphere’s boundary that produces a magnetic barrier protecting the solar system. NASA said Saturday its Interstellar Mapping and Acceleration Probe mission will examine the neutral particles that pass through the barrier and study how particles become faster in space.