Home / Financial Report / October 30 Market Close: GovCon Index Dips, Closes Strongest Month for Year

October 30 Market Close: GovCon Index Dips, Closes Strongest Month for Year

GovConIndexDOWNThe GovCon Index entered positive territory in the early afternoon session Friday but gave back gains to close at a decline of 0.244 points to 77.274.

October ends as the Index’s strongest month for 2015 with a gain of 10.56 percent spurred by a series of third quarter earnings reports from listed companies that met or exceeded consensus Wall Street forecasts.

Excluding L-3 Communications (NYSE: LLL) on that company’s writedown, 10 out of 12 Index stocks that reported third quarter earnings stated figures above what analysts expected.

Index companies Computer Sciences Corp. (NYSE: CSC), Engility Holdings (NYSE: EGL), Health Net (NYSE: HNT) and Huntington Ingalls Industries (NYSE: HII) will report third quarter earnings next week.

U.S. stocks also declined late Friday afternoon but were on pace to end October as the strongest month in almost four years, Reuters and other media outlets reported.

Top GovCon Index Gainers

Company $ Current Price $ Change % Change
Huntington Ingalls Industries 119.94 +6.12 +5.38%
Serco Group 1.36 +0.03 +2.26%
Navistar International 12.30 +0.24 +1.99%
CACI International 97.04 +1.04 +1.08%
BAE Systems 27.05 +0.26 +0.97%

Market Summary

Advancing Issues 15
Declining Issues 15
Unchanged Issues 0
Index Value Net Change % Change
GovCon Index 77.274 -0.244 -0.315%
S&P 500 2, 079.36 -10.05 -0.48%
Dow Jones Industrial Average 17, 775.80 -92.26 -0.52%
NASDAQ 5, 053.75 -20.53 -0.40%

Check Also

BAE Selected to Develop Cybersecurity Tools for DARPA’s SafeDocs Initiative

The Defense Advanced Research Projects Agency has awarded BAE Systems a contract to develop two cybersecurity tools designed to protect electronic files as part of DARPA's Safe Documents program.

Accenture’s Federal Unit to Support Army ERP System Under Potential $76M Contract

Accenture's (NYSE: ACN) federal services business has won a potential six-year, $75.8M hybrid contract to provide support services for the U.S. Army's unified enterprise resource planning system.