April 16 Market Close: GovCon Index Stuck in Neutral, US Stocks Dip

GovConIndexUPThe GovCon Index recorded a nominal gain for the second consecutive trading day to the tune of 0.064 points for a closing figure of 76.092.

U.S. stocks saw nominal losses despite gains in the oil market during the afternoon session and positive earnings reports from financial services firms Citigroup and Goldman Sachs, the Wall Street Journal reported.

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Crude oil rose 1.6 percent to $57.25 per barrel and the S&P 500 Energy Index rose 0.1 percent, according to the Journal.

The Dow Jones Industrial Average declined 6.84 points to 18, 105.77, the S&P 500 composite index lost 1.64 points to 2, 104.99 and the NASDAQ composite index slipped 3.23 points to 5, 007.79.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Healthnet   57.35   1.06   1.88%
  Booz Allen Hamilton   28.68   0.37   1.31%
  L-3 Communications   124.42   0.78   0.63%
  Huntington Ingalls   140.56   0.83   0.59%
  Textron   46.11   0.20   0.44%

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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