August 12 Market Close: GovCon Index, US Markets Trade Near Gain Line on Energy Stock Lift

GovConIndexDOWNThe GovCon Index recovered some losses sustained during the morning trading session Wednesday but ended at a decline of 0.130 points to 76.354.

Gains from energy shares and Apple helped U.S. stocks to reverse declines from the morning session that stemmed from continued investor reaction to China’s currency devaluation in the previous day, according to CNBC.

The yuan closed at 6.38 per U.S. dollar, which CNBC said is close to its weakest level in four years and fueled speculation among traders that countries could artificially devalue their currencies.

The Dow Jones Industrial Average closed down 0.33 points to 17, 402.51, the S&P 500 composite index gained 1.98 points to 2, 086.05 and the NASDAQ composite index rose 7.60 points to 5, 044.39.

Top Percentage Gainers

Company $ Current Price $ Change % Change
Serco Group 2.03 +0.15 +7.75%
Computer Sciences Corp. 66.77 +2.57 +4.00%
Navistar International 18.31 +0.68 +3.86%
Orbital ATK 79.14 +0.60 +0.76%
Maximus 60.51 +0.45 +0.76%

Market Summary

  Advancing Issues      9 (30.00%)
  Declining Issues    21 (70.00%)
  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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