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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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