December 14 Market Close: GovCon Index Down, US Stocks Slightly Green on Oil Bounce

GovConIndexDOWNThe 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%

Check Also

Lockheed Martin

Lockheed Books Potential $88M F-35 Logistics Network Modernization IDIQ

The U.S. Navy has awarded Lockheed Martin (NYSE: LMT) a potential two-year, $87.5M contract to help transition a worldwide logistics information system for F-35 aircraft into a cloud-based integrated network.

BAE Systems

Report: BAE to Build $139M Defense Aerospace Facility in Iowa

BAE Systems plans to develop a $139M classified facility in Cedar Rapids, Iowa, and create 650 jobs in the city, The Gazette reported Friday. Construction work on the proposed 200K-square-foot defense aerospace facility is expected to kick off by October and conclude by September 2022. Ryan Companies US will serve as the project’s developer.