The GovCon Index held in negative territory throughout Wednesday and closed at a loss of 0.621 points to 77.761 as U.S. markets continued to be weighed down by oil price declines in both of the commodity’s major benchmarks.
On a year-to-date basis, the Index remains above the 10-percent mark for a gain against declines in several sectors within the S&P 500 composite index, of which 11 GovCon Index companies are also listed in.
Falls Church, Va.-based technology contractor CSRA (NYSE: CSRA) was the Index’s leading gainer for a second consecutive day at 26 cents — or 0.88Â percent to $29.85Â and the company’s stock has recorded gains in four consecutive trading sessions.
CSRA ended Wednesday as the fourth-highest percentage gainer in the S&P 500 a day after the company led the Index in positive movement.
Crude futures in New York settled down 3.06 percent to $36.71 a barrel after the American Petroleum Institute said the country’s oil inventory grew another 2.9 million barrels and brent crude in London fell 3.18 percent to $36.59 a barrel.
Energy shares fell nearly 1.5 percent and material stocks also declined in afternoon trade, CNBC reported.
GovCon Index Gainers
| Symbol | Company | $ Current Price | Net Change | % Change |
|---|---|---|---|---|
| CSRA | CSRA * | 29.85 | +0.26 | +0.88% |
| CUB | Cubic Corp. | 47.76 | +0.23 | +0.48% |
| LLL | L-3 Communications * | 120.94 | +0.22 | +0.18% |
* Also listed in the S&P 500 index
Market Summary
| Advancing Issues | 3 |
| Declining Issues | 26 |
| Unchanged Issues | 1 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 77.761 | –0.621 | –0.792% |
| S&P 500 | 2, 063.36 | -15.00 | -0.72% |
| Dow Jones Industrial Average | 17, 603.87 | -117.11 | -0.66% |
| NASDAQ | 5, 065.85 | -42.09 | -0.82% |
