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July 31 Market Close: GovCon Index Closes Up, US Stocks Trade Down on Energy Earnings News

GovConIndexUPThe GovCon Index rebounded from losses in Thursday’s trading session to record a gain of 0.240 points and close at 76.270 Friday.

For the week, the Index rose 1.85 percent from its July 24 closing figure of 74.888.

A loss of 2.5 percent in the S&P 500 composite index’s energy sector weighed on U.S. stock markets as Exxon Mobil and Chevron both missed Wall Street expectations in their second quarter earnings, according to CNBC.

Investors also considered the latest employment cost index that showed an increase of 0.2 percent, which missed many analysts’ expectations of 0.6 percent,  CNBC said.

The Dow Jones Industrial Average declined 55.52 points to 17, 690.46, the S&P 500 composite index lost 4.71 points to 2, 103.92 and the NASDAQ composite index closed down 0.5 points to 5, 128.28.

Top Percentage Gainers

Company $ Current Price $ Change % Change ▴
Serco Group 2.10 +0.22 +11.70%
ICF International 36.68 +3.59 +10.85%
BAE Systems 29.99 +0.55 +1.87%
McKesson 220.57 +3.21 +1.48%
Orbital ATK 70.95 +0.81 +1.15%

Market Summary

  Advancing Issues    18 (60.00%)
  Declining Issues    12 (40.00%)
  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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