November 5 Market Close: GovCon Index Rises on Huntington Ingalls’ Earnings, US Stocks Mixed

GovConIndexUPThe GovCon Index gained 0.485 points to 78.281 on naval shipbuilder Huntington Ingalls‘ (NYSE: HII) third quarter earnings report that topped Wall Street’s expectations.

Shares in Newport News, Virginia-based Huntington Ingalls surged 8.11 percent to $130.13 after the company said its third quarter profit climbed 15.62 percent from the same period in 2014 and earnings per share was above the consensus analyst forecast.

U.S. stocks posted nominal losses on declines in energy and healthcare stocks as eight out of 10 sectors in the S&P 500 composite index fell, according to Reuters.

Investors are eagerly anticipating Friday’s U.S. jobs report to gauge the chances of a potential interest rate increase at the Federal Reserve‘s December meeting, Reuters reported.

Top GovCon Index Gainers

Company $ Current Price $ Change % Change
Huntington Ingalls 130.13 +9.76 +8.11%
Navistar International 13.47 +0.33 +2.51%
McKesson Corp. 185.94 +4.04 +2.22%
ICF International 31.80 +0.63 +2.02%
Engility Holdings 33.89 +0.60 +1.80%

Market Summary

Advancing Issues 17
Declining Issues 12
Unchanged Issues 1
Index Value Net Change % Change
GovCon Index 78.281 +0.485 +0.623%
S&P 500 2, 100.11 -2.20 -0.10%
Dow Jones Industrial Average 17, 863.43 -4.15 -0.02%
NASDAQ 5, 127.74 -14.74 -0.29%

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