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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

SymbolCompany$ Current PriceNet Change% Change
CSCComputer Sciences Corp.70.47+1.70+2.47%
MCKMcKesson Corp.185.48+3.13+1.72%
HRSHarris Corp.81.19+1.08+1.35%
COLRockwell Collins88.67+1.02+1.16%
LDOSLeidos Holdings55.13+0.63+1.16%

Market Summary

Advancing Issues17
Declining Issues12
Unchanged Issues1
IndexValueNet Change% Change
GovCon Index77.900+0.313+0.403%
S&P 5002, 051.10-2.09-0.10%
Dow Jones Industrial Average17, 489.50+6.49+0.04%
NASDAQ4, 986.02+1.40+0.03%

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