September 25 Market Close: GovCon Index, S&P 500 Give Back AM Gains

GovConIndexDOWNThe GovCon Index failed to hold onto its gains in Friday morning’s trading session as it closed down 0.298 points to 70.480 and record its second consecutive weekly loss.

The Index was up 0.8 percent at around 10:30 a.m. Eastern time and mirrored similar activity in the S&P 500 composite index, which climbed as much as 1.1 percent at 1 p.m. and closed barely in negative territory.

U.S. investors initially drew confidence from Federal Reserve Chair Janet Yellen’s comments Thursday that the central bank remains intent to increase interest rates this year if any economic “surprises” do not arise, Bloomberg reports.

Biotechnology and healthcare shares were among the biggest decliners Friday, according to Bloomberg.

Top GovCon Index Gainers

Company $ Current Price $ Change % Change
CACI International 76.99 +1.05 +1.38%
Computer Sciences Corp. 61.31 +0.82 +1.36%
BAE Systems 26.50 +0.27 +1.03%
Leidos Holdings 42.19 +0.41 +0.98%
Boeing 131.01 +1.26 +0.97%

Market Summary

Advancing Issues 12
Declining Issues 18
Unchanged Issues 0
Index Value Net Change % Change
GovCon Index 70.480 -0.298 -0.421%
S&P 500 1, 931.35 -0.89 -0.89%
Dow Jones Industrial Average 16, 314.60 +113.28 +0.70%
NASDAQ 4, 686.50 -47.98 -1.01%

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