May 19 Market Close: GovCon Index, US Stocks Dip on Strong Dollar & Housing Report

GovConIndexDOWNThe GovCon Index retreated Tuesday with a loss of 0.089 points to 75.455 on a day that saw U.S. stocks lose traction late in the trading session.

Investors reacted to April’s housing numbers that showed 1.135 million homes sold to new owners during the month and a strengthening U.S. dollar that rose 1 percent, with the Euro at $1.1121.

Financial and healthcare stocks traded in positive territory while other blue chips such as Wal-Mart and Chevron were among the notable declines.

The Dow Jones Industrial Average gained 13.51 points to 18, 312.39, the S&P 500 composite index lost 8.40 points to 2, 127.83 and the NASDAQ composite index dipped 1.37 points to 5, 070.03.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  CGI Group   45.11   0.93   2.11%
  Engility Holdings   27.30   0.50   1.87%
  Booz Allen Hamilton   28.65   0.42   1.49%
  Maximus   66.15   0.58   0.88%
  Health Net   60.56   0.42   0.70%

Market Summary

  Advancing Issues    16 (53.33%)
  Declining Issues    14 (46.66%)
  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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