February 1 Market Close: GovCon Index Halves AM Losses, Stays Red as US Stocks End Day Mixed

GovConIndexDOWNThe GovCon Index recovered from a plunge of more than 1 percent its first hour of trade Monday to end with a loss of 0.311 points to 71.629 in activity that mirrored reversals in U.S. stocks from negative to positive.

Gains in technology shares such as Facebook and Google‘s parent Alphabet helped drive the recovery for U.S. markets despite new data that showed China’s manufacturing sector contracted in January at the fastest pace since 2012, according to Reuters.

Investors shook off that China reading and a continued slide in U.S. crude oil futures, which fell 6.42 percent to $31.46 a barrel.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
NOC Northrop Grumman* 188.64 +3.58 +1.93%
HNT Health Net 67.18 +0.96 +1.45%
CUB Cubic Corp. 40.44 +0.48 +1.20%
BA Boeing* 121.56 +1.43 +1.19%
GIB CGI Group 43.11 +0.41 +0.96%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 9
Declining GovCon Index Issues 20
Unchanged GovCon Index Issues 1
Index Value Net Change % Change
GovCon Index 71.629 -0.311 -0.432%
S&P 500 1, 939.38 -0.86 -0.04%
Dow Jones Industrial Average 16, 447.60 -18.70 -0.11%
NASDAQ 4, 620.37 +6.41 +0.14%

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