June 14 Market Close: GCI Barely Nudges Up as Britain EU Vote, Central Banks Mute Markets

GovConIndexUPThe GovCon Index rallied late Tuesday afternoon and ended at a narrow gain of 0.033 points to 78.945 as global investors held back over the U.K.’s potential European Union exit and also started to watch world central bank meetings.

CACI International (NYSE: CACI) rose after the Air Force announced the services provider as the recipient of a potential seven-year, $445.9 million satellite network control support contract.

Leaders at the U.S. Federal Reserve started their two-day policy meeting that traders expect to result in no interest rate increase as central banks in the U.K. and Japan are also holding summits this week.

According to Bloomberg, traders are starting to see Britain’s departure from the European Union as a real possibility on new survey data from the country and that has brought volatility to bond markets.

The S&P 500 traded at its lowest level in three weeks in light of the central bank meetings as retail sales rose at a rate in May above analyst expectations, Bloomberg reported.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
NOC Northrop Grumman* 216.91 +1.86 +0.86%
LMT Lockheed Martin* 239.70 +1.75 +0.74%
RTN Raytheon* 135.76 +0.85 +0.63%
CACI CACI International 99.58 +0.83 +0.84%
LLL L-3 Communications* 145.78 +0.81 +0.56%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
NOC Northrop Grumman* 216.91 +1.86 +0.86%
CACI CACI International 99.58 +0.83 +0.84%
EGL Engility Holdings 22.10 +0.17 +0.78%
LMT Lockheed Martin* 239.70 +1.75 +0.74%
RTN Raytheon* 135.76 +0.85 +0.63%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 15
Declining GovCon Index Issues 15
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 78.945 +0.033 +0.042%
S&P 500 2, 075.32 -3.74 -0.18%
Dow Jones Industrial Average 17, 674.82 -57.66 -0.33%
NASDAQ 4, 843.55 -4.89 -0.10%

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