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

Check Also

Vigor

Vigor Industrial Subsidiary to Modernize Navy Destroyer Ship Under Potential $156M Contract

Vigor Industrial's marine subsidiary has secured a potential $155.6M firm-fixed-price contract to help the U.S. Navy modernize and maintain the USS McCampbell guided missile destroyer. The company will update the ship's mechanical and electrical systems, hull and communications, digital video surveillance and warfighting equipment as part of a depot maintenance availability, the Department of Defense said Monday.

Parsons

Parsons Gets $178M Intell Community Security Analysis IDIQ; Robert Miller Quoted

Parsons (NYSE: PSN) has secured a potential five-year, $178M contract to help the U.S. intelligence community analyze measures for securing physical and technical assets.