October 21 Market Close: GovCon Index Down, US Stocks Tumble on Healthcare & Tech Declines

GovConIndexDOWNThe GovCon Index struggled to show direction for most of Wednesday before a sharp drop in the afternoon session to close with a decline of 0.142 points to 73.099.

Index company Boeing (NYSE: BA) led all gainers with a climb of 1.66 percent to $141.19 after the Chicago-based airplane maker posted third quarter earnings above Wall Street expectations and raised its full-year guidance.

U.S. stocks tumbled in the afternoon session on declines in the healthcare and technology sectors despite positive earnings reports from blue chips Boeing and its Dow Jones Industrial Average counterpart General Motors, according to Reuters.

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

Top GovCon Index Gainers

Company $ Current Price $ Change % Change
Boeing 141.19 +2.31 +1.66%
Lockheed Martin 211.56 +2.83 +1.36%
General Dynamics 143.09 +1.84 +1.30%
L-3 Communications 111.35 +0.69 +0.62%
Honeywell International 98.77 +0.49 +0.50%

Market Summary

Advancing Issues 11
Declining Issues 18
Unchanged Issues 1
Index Value Net Change % Change
GovCon Index 73.099 -0.142 -0.194%
S&P 500 2, 018.94 -11.83 -0.58%
Dow Jones Industrial Average 17, 168.61 -48.50 -0.28%
NASDAQ 4, 840.12 -40.85 -0.85%

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