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August 5 Market Close: GovCon Index Climbs, US Stocks Neutral on Oil Losses & Tech Earnings Reports

GovConIndexUPThe GovCon Index showed strong movement after three days of flat activity to record a gain of 0.672 points and close at 76.807.

Leidos (NYSE: LDOS) closed up 8.80 percent to $44.01 after the Reston, Va.-based contractor reported second quarter earnings that beat Wall Street consensus estimates.

U.S. stocks traded in neutral territory as investors considered earnings reports from other technology companies that beat many analysts’ forecasts and data that showed the services sector expanded in July at its strongest pace in a decade, according to Bloomberg.

Declines in oil prices and energy shares offset gains in the morning session and Walt Disney’s earnings report that missed Wall Street projections also weighed in the afternoon session, Bloomberg said.

The Dow Jones Industrial Average lost 10.22 points to 17, 540.47, the S&P 500 composite index gained 6.53 points to 2, 099.85 and the NASDAQ composite index climbed 34.40 points to 5, 139.94.

Top Percentage Gainers

Company $ Current Price $ Change % Change
Leidos Holdings 44.01 +3.56 +8.80%
Navistar International 17.03 +0.89 +5.51%
Cubic Corp. 45.92 +0.99 +2.20%
Orbital ATK 71.85 +1.54 +2.19%
Boeing 144.95 +2.32 +1.63%

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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