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July 22 Market Close: GovCon Index Closes Down On Tech Stock Performance


GovConIndexDOWNThe GovCon Index trailed down following the U.S. markets to close at 76.057, a loss of 0.086 points.

Apple (Nasdaq: APPL),  Microsoft (Nasdaq: MSFT), Yahoo (Nasdaq: YHOO) all turned in disappointing results; pulling down the NASDAQ composite index reported by Bloomberg.

A rally in bank stocks helped stem off a steeper decline in the S&P 500 composite index.

The Dow Jones Industrial Average dropped slightly to 17, 851.04 off 68.25 points, the S&P 500 composite index slipped 5.06 points to 2, 114.15, and the NASDAQ composite index declined 36.35 points to 5, 171.77.

Top Percentage Gainers

Company$ Current Price$ Change% Change
Navistar International18.80+0.32+1.73%
McKesson Corp.235.13+2.64+1.14%
SAIC53.88+0.55+1.03%
Boeing146.47+1.47+1.01%

Market Summary

  Advancing Issues      11 (36.67%)
  Declining Issues     18 (60.00%)
  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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