May 28 Market Close: GovCon Index Flat, Greece News & Jobless Data Send US Stocks Down


GovConIndexUPThe GovCon Index hovered Thursday’s trading session in neutral territory and closed with a nominal gain of 0.007 points to 74.763.

U.S. investors showed concerns over conflicting statements from the European Union and Greece’s government leaders over that country’s debt negotiations with Eurozone and international creditors, according to Reuters.

Reuters also cited new data that showed a rise in unemployment benefit applications last week to 282, 000 as a trend that spurred the market downturn Thursday.

The Dow Jones Industrial Average fell 36.87 points to 18, 126.12, the S&P 500 composite index lost 2.68 points to 2, 120.80 and the NASDAQ composite index declined 8.62 points to 5, 097.98.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  ManTech International   28.97   0.70   2.48%
  SAIC   54.17   1.18   2.23%
  Northrop Grumman   160.48   1.96   1.24%
  Booz Allen Hamilton   25.32   0.27   1.08%
  Orbital ATK   77.50   0.65   0.85%

Market Summary

  Advancing Issues   14 (46.66%)
  Declining Issues   15 (50.00%)
  Unchanged Issues     1  (3.33%)

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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