The GovCon Index fell for a consecutive day at a decline of 0.573 points to 77.530 as continued declines in commodity prices kept U.S. stocks in negative territory for a second straight session.
Three out of 30 stocks closed positive with CACI International (NYSE: CACI) the top Index gainer out of three at 3.7Â percent to $103.03Â after the Arlington, Virginia-based government contractor said it would purchase L-3 Communications‘ (NYSE: LLL) services business for $550 million.
Shares in CACI are up 17.9 percent from the year’s start and are up 14.6 percent over 12 months versus the 52-week range of $72.19-to-$104.09.
Crude oil declined another 14 cents to $37.51 a barrel and brent crude ended at $40.29 with a brief fall below the $40-mark for the first time in six years, the Wall Street Journal reported.
Top GovCon Index Gainers
| Symbol | Company | $ Current Price | Net Change | % Change |
|---|---|---|---|---|
| CACI | CACI International | 103.03 | +3.68 | +3.70% |
| BAH | Booz Allen Hamilton | 29.58 | +0.36 | +1.23% |
| HRS | Harris Corp. | 84.27 | +0.43 | +0.51% |
| EGL | Engility Holdings | 33.50 | +0.11 | +0.33% |
| NOC | Northrop Grumman | 188.00 | +0.01 | +0.01% |
Market Summary
| Advancing Issues | 5 |
| Declining Issues | 25 |
| Unchanged Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 77.530 | -0.573 | -0.734% |
| S&P 500 | 2, 063.62 | -13.45 | -0.65% |
| Dow Jones Industrial Average | 17, 568.00 | -162.51 | -0.92% |
| NASDAQ | 5, 098.24 | -3.57 | -0.07% |
