December 8 Market Close: GovCon Index, US Stock Losses Deepen on Commodity Pressure

GovConIndexDOWNThe 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 3.7 percent to $103.03 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%

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