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 3.7 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|
|BAH||Booz Allen Hamilton||29.58||+0.36||+1.23%|
|Index||Value||Net Change||% Change|
|S&P 500||2, 063.62||-13.45||-0.65%|
|Dow Jones Industrial Average||17, 568.00||-162.51||-0.92%|