July 20 Market Close: GovCon Index, US Stocks Slightly Up as Investors Digest Earnings

GovConIndexUPThe GovCon Index closed in neutral territory Monday with a nominal gain of 0.040 points to 77.143.

Lockheed Martin‘s (NYSE: LMT) stock price jumped nearly 2 percent after the company said it would examine a separation of its information technology and technical services business and its agreement to purchase helicopter manufacturer Sikorsky Aircraft from United Technologies Corp. (NYSE: UTX) for $9 billion.

Lockheed also announced a 2-percent increase in sales and 4-percent bump in profit for its second fiscal quarter.

The three major U.S. stock indices closed in slight positive territory Monday as investors prepared to examine post-close second quarter earnings reports from technology giants IBM (NYSE: IBM) and Apple (NASDAQ: APPL), according to CNBC.

The Dow Jones Industrial Average gained 13.96 points to 18, 100.41, the S&P 500 composite index moved up 1.64 points to 2, 128.28 and the NASDAQ composite index rose 8.72 points to 5, 218.86.

Top Percentage Gainers

Company $ Current Price $ Change % Change
Lockheed Martin 205.13 +3.95 +1.96%
Maximus 68.66 +0.84 +1.24%
Honeywell International 106.37 +0.83 +0.79%
Northrop Grumman 169.83 +0.84 +0.50%
ICF International 36.39 +0.12 +0.33%

Market Summary

  Advancing Issues     12 (40.00%)
  Declining Issues     17 (56.66%)
  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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