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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.

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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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