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%
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