Home / Financial Report / June 17 Market Close: GovCon Index Falls to Snap 4-Week Gain Streak

June 17 Market Close: GovCon Index Falls to Snap 4-Week Gain Streak

GovConIndexDOWNThe GovCon Index fell for a third consecutive session Friday by 0.435 points to 78.356 in a close that snaps the GCI’s four-week gain streak as market activity was shaped by continued reaction to the latest Federal Reserve interest rate outlook and uncertainty over the Brexit referendum.

The GCI recorded a weekly decline of 1.97 percent compared to the S&P 500’s respective fall of 1.18 percent in the final full-trading week ahead of the Britain’s Thursday referendum on whether to leave the European Union.

The Fed cited the Brexit vote as a potential source of volatility to the U.S. economy in the central bank’s mid-week statement to leave interest rates unchanged.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
NAV Navistar International 12.15 0.59 5.10%
HII Huntington Ingalls Industries 159.75 0.50 0.31%
BA Boeing * 129.82 0.45 0.35%
ACM AECOM 32.18 0.39 1.23%
BAESY BAE Systems 27.58 0.32 1.17%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
I Intelsat 2.66 0.14 5.56%
NAV Navistar International 12.15 0.59 5.10%
EGL Engility Holdings 22.03 0.27 1.24%
ACM AECOM 32.18 0.39 1.23%
BAESY BAE Systems 27.58 0.32 1.17%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 11
Declining GovCon Index Issues 19
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 78.356 -0.435 -0.552%
S&P 500 2, 071.23 -6.76 -0.33%
Dow Jones Industrial Average 17, 675.16 -57.94 -0.33%
NASDAQ 4, 800.34 -44.58 -0.21%

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