The 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.
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|
|HII||Huntington Ingalls Industries||134.08||+2.65||+2.02%|
|Index||Value||Net Change||% Change|
|S&P 500||2, 081.26||-2.32||-0.11%|
|Dow Jones Industrial Average||17, 732.75||-4.41||-0.02%|