The GovCon Index posted a loss of 0.481 points to 76.361 Friday and closed the week with a decline amid the release of first-quarter earnings reports from large U.S. government contractors throughout the week.
GCI closed April as its third consecutive month with positive movement at a year-to-date gain of 5.24 percent.
Several of the largest GovCon companies reported first-quarter earnings and sales this week that topped Wall Street expectations, including Lockheed Martin (NYSE: LMT), General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC).
Top GovCon Index Net Gainers
|Symbol||Company||$ Current Price||Net Change ▴||% Change|
* Also listed in the S&P 500 composite index
Top GovCon Index Percentage Gainers
|Symbol||Company||$ Current Price||Net Change||% Change|
|Advancing GovCon Index Issues||6|
|Declining GovCon Index Issues||23|
|Unchanged GovCon Index Issues||1|
|Index||Value||Net Change||% Change|
|S&P 500||2, 065.30||-10.51||-0.51%|
|Dow Jones Industrial Average||17, 773.64||-57.12||-0.32%|