July 2 Market Close: GovCon Index, US Stocks Dip on Jobs Data Ahead of Weekend Greece Referendum


GovConIndexDOWNThe GovCon Index ended the final trading day of the week with a decline of 0.081 points to close at 74.719 as U.S. stocks also closed in slight negative territory.

Health Net (NYSE: HNT) surged 10.01 percent after the Los Angeles-based managed health services provider announced it agreed to be purchased by health insurer Centene (NYSE: CNC) for $6.3 billion in cash and stock.

U.S. markets will be closed Friday to give investors an extra day to further digest Thursday’s nonfarm payrolls report and they also will watch the results of Sunday’s referendum in Greece, according to Bloomberg.

The Labor Department said businesses added 223, 000 jobs in June, which Bloomberg said was less than many economists predicted.

Greek voters will determine whether the country will move forward with bailout terms proposed by its Eurozone creditors, Bloomberg reports.

The Dow Jones Industrial Average declined 27.80 points to 17, 730.11, the S&P 500 composite index closed down 0.64 points to 2, 076.78 and the NASDAQ composite index slipped 3.91 points to 5, 009.21.

Top Percentage Gainers

  Company   $ Stock Price   $ Change   % Change
  Health Net   71.57   6.51   10.01%
  Serco Group   1.996   0.066    3.42%
  ICF International   35.98   0.63    1.78%
  CGI Group   39.84   0.55   1.40%
  Harris Corp.   77.74   0.36   0.47%

Market Summary

  Advancing Issues      8 (26.66%)
  Declining Issues    22 (73.33%)
  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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