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November 23 Market Close: GovCon Index 5-Day Gain Streak Snaps, Tech & Transport Losses Weigh on US Markets


GovConIndexDOWNThe GovCon Index‘s five-day streak of gains ended Monday with a nominal loss of 0.102 points to 79.548 after its best week of a fourth quarter that has seen a strong rally from the three months prior to October.

San Diego-based defense and transportation services contractor Cubic Corp. (NYSE: CUB) was scheduled to report financial results for the fourth quarter of its 2015 fiscal year ended Sept. 30 after markets closed.

Losses in the transportation and technology sectors offset gains in energy and raw material stocks in the first day of Thanksgiving week activity in U.S. markets, according to Bloomberg.

Investors will look for the Commerce Department’s second reading on gross domestic product for the third quarter Wednesday, Bloomberg reports.

Top GovCon Index Gainers

SymbolCompany$ Current PriceNet Change% Change
NAVNavistar International13.57+0.19+1.42%
CUBCubic Corp.45.59+0.60+1.33%
MMSMaximus54.38+0.60+1.12%
BAHBooz Allen Hamilton30.32+0.30+1.00%
BAESYBAE Systems30.00+0.26+0.87%

Market Summary

Advancing Issues16
Declining Issues14
Unchanged Issues0
IndexValueNet Change% Change
GovCon Index79.548-0.102-0.129%
S&P 5002, 086.60-2.57-0.12%
Dow Jones Industrial Average17, 792.81-31.00-0.17%
NASDAQ5, 102.48-2.44-0.05%

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