December 28 Market Close: GovCon Index, US Stocks Held Down by Extended Energy Decline; CSRA Tops S&P 500 Gainers

GovConIndexDOWNThe GovCon Index failed to rebound from its Christmas Eve decline with a loss of 0.264 points to 77.554 Monday as U.S. financial markets entered the final week of trading activity for 2015.

U.S. markets will be open for full sessions Tuesday and Wednesday with a half-day scheduled for Thursday in observance of New Year’s Eve and will be closed Friday for New Year’s Day.

Falls Church, Virginia-based CSRAwhich went public Nov. 30 — was the S&P 500 composite index’s leading gainer at 5.25 percent to $29.49 and the stock has risen 7.39 percent since its most recent low of $28.94 on Dec. 14.

Energy shares continued to weigh on U.S. stocks Monday with that S&P 500 sector down another 2 percent and on pace to exceed the 10-percent mark for its decline in December, Bloomberg reported.

Crude oil futures in New York fell 3.41 percent to $36.80 a barrel and brent crude in London declined 3.35 percent to $36.62 a barrel.

According to Bloomberg, the S&P 500 is on pace for its worst December since 2002 and is in slight negative territory on a year-to-date basis for 2015.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
CSRA CSRA * 29.49 +1.47 +5.25%
MMS Maximus 57.12 +0.93 +1.66%
SAIC SAIC 45.45 +0.44 +0.98%
BA Boeing * 144.54 +1.01 +0.70%
HNT Health Net 68.67 +0.37 +0.54%

* Also listed in the S&P 500 Index

Market Summary

Advancing Issues 9
Declining Issues 20
Unchanged Issues 1
Index Value Net Change % Change
GovCon Index 76.554 -0.264 -0.339%
S&P 500 2, 056.50 -4.49 -0.22%
Dow Jones Industrial Average 17, 528.27 -23.90 -0.14%
NASDAQ 5, 040.98 -7.51 -0.15%

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