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October 1 Market Close: GovCon Index Slips Ahead of Friday Jobs Report


GovConIndexDOWNThe GovCon Index kicked off the fourth quarter of calendar year 2015 Thursday with a decline of 0.207 points to 69.975 as U.S. stocks also recorded slight losses ahead of Friday’s jobs report.

The Index and three major U.S. stock indices opened in positive territory,  sharply turned negative in the late morning portion of the day then recovered in the last hour to close with mixed results.

CNBC reports investors weighed other economic data in Thursday’s trading session, such as the Labor Department‘s estimate that jobless claims rose 10, 000 to 277, 000 and August construction spending reached its highest level since 2008.

September’s ISM manufacturing index declined to its lowest reading since May 2013 at 50.2.

Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting companies.

Top GovCon Index Gainers

Company $ Current Price $ Change % Change
Orbital ATK 73.51 +1.64 +2.28%
Textron 38.09 +0.45 +1.20%
Engility Holdings 26.08 +0.30 +1.16%
ICF International 30.69 +0.30 +0.99%
McKesson Corp. 186.07 +1.04 +0.56%

Market Summary

Advancing Issues 11
Declining Issues 19
Unchanged Issues 0
Index Value Net Change % Change
GovCon Index 69.975 -0.207 -0.295%
S&P 500 1, 923.82 +3.79 +0.20%
Dow Jones Industrial Average 16, 272.01 -12.69 -0.08%
NASDAQ 4, 627.08 +6.92 +0.15%

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