The GovCon Index had its three-day streak of gains halted Thursday with a slight decline of 0.302 points to 74.032 that ends the first quarter of 2016 in the negative as many GCI contractors prepare to detail their January-March financial results.
From Dec. 31, the Index has fallen 2.242 percent on volatility in GCI stocks for services-oriented companies with the Index’s technology makers more settled.
Both the S&P 500 composite index — which contains 11 GCI stocks — and the Dow Jones Industrial Average have moved upward for two consecutive quarters while the technology and biotech-heavy Nasdaq composite index posted its worst January-March in seven years.
CNBC reports traders will turn their attention Friday to the monthly unemployment report and new manufacturing data from ISM with a similar production report out of China slated for public release in the overnight hours before U.S. markets open.
Top GovCon Index Gainers
|Symbol||Company||$ Current Price||Net Change||% Change|
|BAH||Booz Allen Hamilton||30.28||+0.22||+0.73%|
|Advancing GovCon Index Issues||12|
|Declining GovCon Index Issues||18|
|Unchanged GovCon Index Issues||0|
|Index||Value||Net Change||% Change|
|S&P 500||2, 059.74||-4.21||-0.20%|
|Dow Jones Industrial Average||17, 685.09||-31.57||-0.18%|