November 19 Market Close: GovCon Index Closes Up, US Markets Narrow

GovConIndexUPThe GovCon Index barely edged in positive territory Thursday with a gain of 0.216 points to 78.940 on a choppy trading day for U.S. markets.

With a Friday gain, the Index would record a full week of five consecutive positive days for the second time in the fourth quarter so far.

Index stock Health Net (NYSE: HNT) fell 5.07 percent and the S&P 500 composite index’s healthcare sector declined 1.63 percent after UnitedHealth (NYSE: UNH) cut its profit outlook for this year.

Technology stocks Intel (Nasdaq: INTC) and Apple (Nasdaq: APPL) led the upswing in technology stocks to offset the healthcare losses, according to Reuters.

U.S. markets have priced in a 72-percent chance of an interest rate hike in December, Reuters reports.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
COL Rockwell Collins 92.26 +2.26 +2.51%
HII Huntington Ingalls Industries 134.08 +2.65 +2.02%
BAESY BAE Systems 29.62 +0.54 +1.87%
TXT Textron 43.32 +0.73 +1.71%
RTN Raytheon 126.00 +2.05 +1.65%

Market Summary

Advancing Issues 21
Declining Issues 8
Unchanged Issues 1
Index Value Net Change % Change
GovCon Index 78.940 +0.216 +0.274%
S&P 500 2, 081.26 -2.32 -0.11%
Dow Jones Industrial Average 17, 732.75 -4.41 -0.02%
NASDAQ 5, 073.64 -1.56 -0.03%

Check Also


QuantiTech Buys Spaceflight Engineering Firm DCI; Darryl Wortman Quoted

QuantiTech, a technical engineering services provider to the government sector, has purchased Dynamic Concepts Inc. for an undisclosed sum in a move to expand work with NASA across human spaceflight programs.

health care

Alliant Enterprises Wins $225M DLA Patient Monitoring Tech IDIQ

Alliant Enterprises has won a potential 10-year, $225M contract from the Defense Logistics Agency to provide patient monitoring systems, capital equipment and accessories to the U.S. Air Force, Army, Marine Corps, Navy and federal civilian agencies.