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 International 18.80 +0.32 +1.73%
McKesson Corp. 235.13 +2.64 +1.14%
SAIC 53.88 +0.55 +1.03%
Boeing 146.47 +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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