December 28 Morning Report: GovCon Index Gain Streak Ends in Half-Day Christmas Eve Session

GovConIndexDOWNThe GovCon Index‘s three-day streak of consecutive gains ended Thursday with a decline of 0.171 points to 76.636 in a half-day Christmas Eve session for U.S. financial markets, which closed at 1 p.m. Eastern time.

Declines in energy stocks drove U.S. stocks to slight losses and nine out of 10 S&P 500 sectors ended in negative territory with the composite index’s energy sector the biggest loser at 0.91 percent, according to Reuters.

Investors also examined the latest unemployment numbers that show claims fell to 267, 000 last week to fall below the consensus economist estimate of 270, 000 and that number has held below 300, 000 for 42 straight weeks to support the Federal Reserve‘s belief in labor market stability as evidence the economy could support the interest rate hike, Reuters reported.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
CSRA CSRA * 28.02 +1.01 +3.74%
NAV Navistar International 9.74 +0.23 +2.42%
I Intelsat 4.47 +0.10 +2.29%
HRS Harris Corp. * 89.48 +1.66 +1.89%
HII Huntington Ingalls Industries 129.45 +1.03 +0.80%

* Also listed in the S&P 500 index

Market Summary

Advancing Issues 14
Declining Issues 15
Unchanged Issues 1
Index Value Net Change % Change
GovCon Index 76.636 -0.171 -0.220%
S&P 500 2, 060.99 -3.30 -0.16%
Dow Jones Industrial Average 17, 552.17 -50.44 -0.29%
NASDAQ 5, 048.49 Unchanged Unchanged

You may also be interested in...

Lockheed Martin C-130J Super Hercules

Lockheed Secures $1.4B Air Force FMS Deal for Super Hercules Airlifter Sustainment Work

The U.S. Air Force has awarded Lockheed Martin (NYSE: LMT) a potential 10-year, $1.40B contract to maintain C-130J Super Hercules transport aircraft to fulfill foreign military sales requirements.

Pratt and Whitney F135 Engine

Pratt & Whitney Awarded $642M Navy Contract for F-35 Engine Logistics Support

Raytheon Technologies' (NYSE: RTX) Pratt & Whitney subsidiary has received a one-year, $642M contract from Naval Air Systems Command to perform F-35 propulsion system logistics work for U.S. and foreign military sales customers.