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April 24 Market Close: GovCon Index Dips, Tech Earnings News Lifts US Stocks

GovConIndexDOWNThe GovCon Index fell for the second consecutive day Friday to close down 0.238 points at 75.901 and end the week with a 1.16 percent gain from the previous five-day trading period.

Corporate financial reports from Microsoft (NASDAQ: MSFT), Google (NASDAQ: GOOG) and Amazon.com (NASDAQ: AMZN) helped send U.S. markets into nominal positive territory despite continued concern over earnings missing Wall Street expectations, according to the Wall Street Journal.

The Dow Jones Industrial Average gained 21.45 points to 18, 080.14, the S&P 500 composite index rose 4.77 points to 2, 117.70 and the NASDAQ composite index climbed 36.02 points to 5, 092.08.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Serco Inc.   2.60   0.09   3.59%
  BAE Systems Inc.   31.18   0.67   2.20%
  Navistar   30.16   0.41   1.38%
  General Dynamics   134.10   1.30   0.98%
  Healthnet   58.28   0.41   0.71%

Market Summary

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