February 23 Market Close: GovCon Index Dips as Market Awaits Fed Chairman Testimony

GovConIndexUPThe GovCon Index rallied Monday afternoon to a nominal gain of 0.043 points to close at 70.980 on a day that saw the index split 16-14 in favor of laggers against gainers.

U.S. stocks declined as investors prepared to scrutinize the scheduled testimony of Federal Reserve Chair Janet Yellen to both houses of Congress Tuesday and Wednesday, CNBC reports.

Investors also anticipated a release of Greece’s reform proposals Tuesday morning to the Eurozone’s finance leaders after the country obtained a four-month extension on its bailout, according to CNBC.

The Dow Jones Industrial Average fell 23.6 points to close at 18, 116.84, the S&P 500 composite index lost 0.64 points to 2, 109.66 and the NASDAQ composite index gained 5.01 points to 4, 960.97.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Computer Sciences Corp.   71.75   4.82   7.20%
  CGI Group   44.09   2.48   5.96%
  Huntington Ingalls   142.41   4.72   3.43%
  Healthnet   57.82   1.33   2.35%
  Booz Allen Hamilton   30.46   0.34   1.13%

Market Summary

  Advancing Issues    15 (50.00%)
  Declining Issues    15 (50.00%)
  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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