Hello, Guest!
  • Tuesday, April 23, 2024

March 26 Market Close: GovCon Index Snaps 3-Day Loss Streak, Yemen News Sends Oil Price Up


GovConIndexUPThe GovCon Index  closed in positive territory Thursday for the first time in three days with a nominal gain of 0.280 points to 68.467.

News that Saudi Arabia and its Middle East allies started a military operation in Yemen helped drive crude oil futures up 4 percent to $51.43 per barrel, CNBC reported.

Investors also considered the Labor Department‘s latest jobless claims support that said claims for state unemployment benefits fell 9, 000 for the week ended March 21, according to CNBC.

The Dow Jones Industrial Average dipped 40.31 points to 17, 678.23, the S&P 500 composite index lost 4.90 points to 2, 056.15 and the NASDAQ composite index fell 13.16 points to 4, 863.36.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Harris Corp.   73.28   2.64   3.74%
  Cubic Corp.   53.33   1.26   2.42%
  Booz Allen Hamilton   28.62   0.48   1.71%
  Computer Sciences Corp.   65.17   1.04   1.62%
  CGI Group   43.35   0.68   1.59%

Market Summary

  Advancing Issues    20 (66.66%)
  Declining Issues    10 (33.33%)
  Unchanged Issues      0

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

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

GovCon Index, Major US Indexes Ended With Losses on Weak April Start Financial Reports

GovCon Index, Major US Indexes Ended With Losses on Weak April Start

Executive Mosaic’s GovCon Index rose 0.46% to $4,896.02 Friday as 22 of its constituents advanced. However, the index, which tracks the stock performances of 30 major government contractors, still ended 1.35% lower week-on-week due to the weak start in April. Wall Street’s major indexes closed the week with losses despite bouncing back from their slump.