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.

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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

Symbol Company $ Current Price Net Change % Change
NAV Navistar International 13.57 +0.19 +1.42%
CUB Cubic Corp. 45.59 +0.60 +1.33%
MMS Maximus 54.38 +0.60 +1.12%
BAH Booz Allen Hamilton 30.32 +0.30 +1.00%
BAESY BAE Systems 30.00 +0.26 +0.87%

Market Summary

Advancing Issues 16
Declining Issues 14
Unchanged Issues 0
Index Value Net Change % Change
GovCon Index 79.548 -0.102 -0.129%
S&P 500 2, 086.60 -2.57 -0.12%
Dow Jones Industrial Average 17, 792.81 -31.00 -0.17%
NASDAQ 5, 102.48 -2.44 -0.05%

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