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November 6 Market Close: GovCon Index Drops, US Stocks Mixed as Traders Bet on December Rate Hike

GovConIndexDOWNThe GovCon Index stuttered after the opening bell Friday morning and settled at a decline of 0.274 points to close at 78.007 on a mixed day for U.S. stocks.

U.S. markets have priced in a 70-percent chance the Federal Reserve will raise interest rates at its December meeting after Friday’s jobs report showed businesses added 271, 000 jobs to top the consensus expectation of 180, 000, according to CNBC.

The Index ends the week a nominal gain of 0.053 points and all three major U.S. stock indices also closed Friday at gains over the past five trading days.

Top GovCon Index Gainers

Company $ Current Price $ Change % Change
Navistar International 14.12 +0.63 +4.83%
Intelsat 6.38 +0.15 +2.41%
Maximus 69.80 +1.14 +1.66%
Engility Holdings 34.44 +0.55 +1.62%
Computer Sciences Corp. 67.75 +0.75 +1.12%

Market Summary

Advancing Issues 16
Declining Issues 13
Unchanged Issues 1
Index Value Net Change % Change
GovCon Index 78.007 -0.274 -0.350%
S&P 500 2, 099.21 -0.72 -0.03%
Dow Jones Industrial Average 17, 910.33 +46.90 +0.26%
NASDAQ 5, 147.12 +19.38 +0.38%

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