April 11 Morning Report: GovCon Index Posts Nominal Gain Friday on Energy Shares

GovConIndexUPThe GovCon Index closed Friday with a nominal gain of 0.197 points to 74.227, which gives the GCI a nominal 0.103-point decline from the previous week.

While biotechnology stocks posted losses, energy shares saw a 6.6-percent climb in U.S. crude oil futures to $39.72 a barrel.

Four of the five largest U.S. government contractors will report first-quarter earnings in the last week of April, with Lockheed Martin (NYSE: LMT) scheduled for April 26 followed by Boeing (NYSE: BA) and Northrop Grumman (NYSE: NOC) on April 27 and Raytheon (NYSE: RTN) on April 28.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
BAESY BAE Systems 28.16 +0.61 +2.21%
CAE CAE 11.29 +0.19 +1.71%
NAV Navistar International 11.63 +0.16 +1.39%
VEC Vectrus 22.15 +0.26 +1.19%
GD General Dynamics* 132.91 +1.52 +1.16%

* Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 21
Declining GovCon Index Issues 9
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 74.227 +0.197 +0.266%
S&P 500 2, 047.60 +5.69 +0.28%
Dow Jones Industrial Average 17, 576.96 +35.00 +0.20%
NASDAQ 4, 850.69 +2.32 +0.05%

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