November 17 Market Close: GovCon Index Gains as US Stocks End in Narrow Range

GovConIndexUPThe GovCon Index continued its rebound on heightened volume into a second straight session with a gain of 0.313 points to 77.900 Tuesday as U.S. stocks gave back gains from midday and closed in narrowly mixed range.

Monday saw the Index surge 2.9 percent on increased activity among defense shares in the first trading session after Friday’s attacks in Paris.

Technology- and services-focused companies led Index gainers with Computer Sciences Corp. (NYSE: CSC) and McKesson (NYSE: MCK) as the two leaders by percentage movement.

U.S. investors considered data that showed consumer prices without food and fuel increased 0.2 percent in October to fall in line with the consensus economist forecast and the figure reported for September, according to Bloomberg.

Investors also looked at third quarter earnings reports from retailers Home Depot and Wal-Mart that exceeded Wall Street analysts’ forecasts, Bloomberg reported.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
CSC Computer Sciences Corp. 70.47 +1.70 +2.47%
MCK McKesson Corp. 185.48 +3.13 +1.72%
HRS Harris Corp. 81.19 +1.08 +1.35%
COL Rockwell Collins 88.67 +1.02 +1.16%
LDOS Leidos Holdings 55.13 +0.63 +1.16%

Market Summary

Advancing Issues 17
Declining Issues 12
Unchanged Issues 1
Index Value Net Change % Change
GovCon Index 77.900 +0.313 +0.403%
S&P 500 2, 051.10 -2.09 -0.10%
Dow Jones Industrial Average 17, 489.50 +6.49 +0.04%
NASDAQ 4, 986.02 +1.40 +0.03%

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