February 9 Market Close: GovCon Index Falls, Greek Debt Talks Drag US Stocks

GovConIndexDOWNThe GovCon Index started the trading week with a decline of 0.44 points — or 0.6 percent — to close at 73.746 Monday and end a three-day gain streak.

On Tuesday, the GovCon Index will replace ATK and Orbital Sciences with Orbital ATK (NYSE: OA), the company formed out of the merger of ATK’s aerospace and defense groups with Orbital.

Shipbuilding giant Huntington Ingalls (NYSE: HII) will also join the GovCon Index on Tuesday to maintain the index’s number of companies at 30.


U.S. stocks declined on new of an impasse between Greece and the European Commission on how to resolve the country’s debt situation and a report that showed year-over-year declines on China’s imports and exports, according to Reuters.

The Dow Jones Industrial Average dipped 95.14 points to 17, 729.15, the S&P 500 composite index declined 8.76 points to 2, 046.71 and the NASDAQ composite index fell 18.39 points to 4, 726.01.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Serco Inc.   3.025   0.23   8.23%
  Engility Holdings   47.65   1.15   2.47%
  Orbital   28.85   0.21   0.73%
  ATK   140.03   0.78   0.56%
  Northrop Grumman   162.97   0.73   0.45%

Market Summary

  Advancing Issues     8 (26.66%)
  Declining Issues   22 (73.33%)
  Unchanged Issues     0

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

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