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December 10 Market Close: GovCon Index Snaps 3-Day Losing Streak

GovConIndexUPThe GovCon Index snapped a three-day streak of declines Thursday with a gain of 0.319 points to 76.970 and the larger U.S. stock market also ended its four-day stretch of losses.

U.S. investors also looked to build up their currency holdings as the dollar rose 0.7 percent to $1.09 versus the euro after Citigroup described the greenback as “attractive” in a note to investors, Bloomberg reported.

The U.S. dollar has jumped 10 percent over the past year and traders are trying to determine the impact of a potential interest rate hike on the currency, according to the report.

Crude oil declined for a fifth consecutive day and the New York benchmark settled down 1.59 percent to $36.57 a barrel.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
SAIC SAIC 48.97 +1.24 +2.60%
GIB CGI Group 42.25 +1.05 +2.55%
I Intelsat 4.13 +0.08 +1.98%
MCK McKesson Corp. 190.48 +3.42 +1.83%
CSRA CSRA 28.54 +0.46 +1.64%

Market Summary

Advancing Issues 19
Declining Issues 10
Unchanged Issues 1
Index Value Net Change % Change
GovCon Index 76.970 +0.319 +0.416%
S&P 500 2, 052.23 +4.61 +0.23%
Dow Jones Industrial Average 17, 574.75 +82.45 +0.47%
NASDAQ 5, 045.17 +22.31 +0.44%
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