April 19 Market Close: GovCon Index Wavers to Positive Close in Choppy US Market Trade

GovConIndexUPThe GovCon Index held onto a positive close for the third consecutive session Tuesday at 0.148 points to 76.362 after a descent from a strong open to negative territory in early afternoon trade before a reversal into green.

Losses by technology shares on disappointing earnings reporters weighed on U.S. markets but were offset by gains in energy and material stocks driven by a spike in oil prices.

Crude oil futures in New York climbed 3.27 percent to $41.08 a barrel for the May contract and the benchmark will transition to the June delivery Wednesday currently priced at around $42.00 a barrel, according to CNBC.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
I Intelsat 3.49 +0.36 +11.50%
NAV Navistar International 13.74 +0.50 +3.78%
BAESY BAE Systems 29.69 +0.67 +2.31%
CUB Cubic Corp. 41.17 +0.62 +1.53%
HRS Harris Corp.* 78.79 +1.10 +1.42%

* Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 20
Declining GovCon Index Issues 10
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 76.214 +0.522 +0.690%
S&P 500 2, 100.80 +6.46 +0.31%
Dow Jones Industrial Average 18, 053.60 +49.44 +0.27%
NASDAQ 4, 940.33 -19.69 -0.40%

Check Also

Michael McHugh CEO DirectViz Solutions

DirectViz COO Michael McHugh Promoted to CEO

Michael McHugh, chief operating officer of DirectViz Solutions, has elevated to the CEO post at the Chantilly, Va.-based information technology engineering and professional services contractor.

MQ-4C Triton

Navy Plans Triton UAS Test Support Order for Northrop

The Department of the Navy plans to award Northrop Grumman’s (NYSE: NOC) aerospace systems business a delivery order to provide analysis support for demonstration activities involving the MQ-4C Triton unmanned aerial system.