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.

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