May 6 Market Close: GovCon Index, US Stock Losses Deepen on Job Estimates

GovConIndexDOWNThe GovCon Index declined for the second consecutive day Wednesday to record a loss of 0.155 points and close at 73.147.

Health Net (NYSE: HNT) led gainers in the Index at 1.81 percent after the company reported a 28-percent revenue increase year-over-year for its fiscal year 2015 first quarter.

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U.S. stocks fell after an ADP estimate of U.S. employment figures showed businesses created 169, 000 jobs in April, a figure CNBC reports is below analyst forecasts of a 200, 000 figure.

The Dow Jones Industrial Average fell 86.22 points to 17, 841.98, the S&P 500 composite index slipped 9.31 points to 2, 080.15 and the NASDAQ composite index declined 19.68 points to 4, 919.64.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Health Net   55.25   0.98   1.81%
  ICF International   37.81   0.53   1.42%
  Engility Holdings   26.72   0.14   0.53%
  ManTech International   28.88   0.14   0.49%
  Textron   44.61   0.21   0.47%

Market Summary

  Advancing Issues    11 (36.66%)
  Declining Issues    19 (63.33%)
  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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