April 14 Market Close: GovCon Index Descends to Loss in Afternoon Trade

GovConIndexDOWNThe GovCon Index descended into narrow range in a choppy afternoon trading session Thursday and closed at a nominal decline of 0.093 points to 75.306 as U.S. investors paused to gauge markets’ rally over Tuesday and Wednesday.

Financial shares posted a fifth-straight positive day on earnings from banks that exceeded Wall Street’s expectations.

Telecommunications stocks also climbed but all sector gains were offset by losses in materials shares.

Crude oil futures in New York settled down 26 cents to $41.50 a barrel.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
NAV Navistar International 13.87 +0.41 +3.05%
ICFI ICF International 37.10 +0.75 +2.06%
CSRA CSRA 26.94 +0.45 +1.70%
GIB CGI Group 49.11 +0.63 +1.30%
BAESY BAE Systems 28.84 +0.24 +0.86%

* Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 12
Declining GovCon Index Issues 18
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 75.306 -0.093 -0.123%
S&P 500 2, 082.78 +0.36 +0.02%
Dow Jones Industrial Average 17, 926.43 +18.15 +0.10%
NASDAQ 4, 945.89 -1.53 -0.03%

You may also be interested in...

Gil Dussek CEO Gunnison Consulting Group

Gunnison Buys Federal IT Service Management Firm G2SF; Gil Dussek Quoted

Gunnison Consulting Group has acquired Global Solutions & Services Frameworks for an undisclosed sum to expand its information technology service management, mobile computing and cybersecurity capabilities in the federal government services market. “This deal aligns with our modernization strategy and we remain focused on improving critical government programs, while driving long-term innovation to meet evolving customer demands," said Gunnison CEO Gil Dussek.

Telos

Cybersecurity Firm Telos Launches IPO

Telos (Nasdaq: TLS) targeted to raise approximately $254M from the Ashburn, Virginia-based cybersecurity company's initial public offering Thursday, offering 15M shares of common stock with pricing at $17 each.