The GovCon Index turned around a sharp late morning decline Monday with a rally in a choppy afternoon session but fell short of a full recovery as it closed at a nominal loss of 0.063 points to 75.717.
U.S. crude oil futures nearly hit an 11-year low in early-morning activity but ended the day with a settle of 63 cents up to $36.25 per barrel while brent crude in London showed a nominal decline of 12 cents to $37.81.
According to Reuters, investors continue to show worry over an oversupplied oil market and energy bonds have also been volatile with the price declines and related losses in the energy sector.
Top GovCon Index Gainers
| Symbol | Company | $ Current Price | Net Change | % Change |
|---|---|---|---|---|
| GD | General Dynamics | 139.19 | +1.35 | +0.98% |
| TXT | Textron | 41.25 | +0.39 | +0.95% |
| HON | Honeywell International | 98.98 | +0.75 | +0.76% |
| MMS | Maximus | 55.73 | +0.41 | +0.74% |
| EGL | Engility Holdings | 31.86 | +0.20 | +0.63% |
Market Summary
| Advancing Issues | 12 |
| Declining Issues | 17 |
| Unchanged Issues | 1 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 75.717 | -0.063 | -0.083% |
| S&P 500 | 2, 021.94 | +9.57 | +0.48% |
| Dow Jones Industrial Average | 17, 370.64 | +105.43 | +0.61% |
| NASDAQ | 4, 952.23 | +18.76 | +0.38% |
