March 31 Market Close: GovCon Index Narrowly Down to Notch 1Q Loss as Earnings Season Awaits

GovConIndexDOWNThe 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
EGL Engility Holdings 18.76 +0.41 +2.23%
SAIC SAIC 53.34 +1.08 +2.07%
VEC Vectrus 22.75 +0.31 +1.38%
LDOS Leidos Holdings 50.32 +0.38 +0.76%
BAH Booz Allen Hamilton 30.28 +0.22 +0.73%

Market Summary

Advancing GovCon Index Issues 12
Declining GovCon Index Issues 18
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 74.032 -0.302 -0.406%
S&P 500 2, 059.74 -4.21 -0.20%
Dow Jones Industrial Average 17, 685.09 -31.57 -0.18%
NASDAQ 4, 869.85 +0.55 +0.01%

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