The GovCon Index fell into narrow range in afternoon trade Tuesday and closed at a nominal loss of 0.099 points to 79.190 as global investors continued to gauge the possibility of Britain’s departure from the European Union in a Thursday referendum there with new polls indicating a close vote either way.
Many lead GCI gainers from Monday that have a notable U.K. presence such as CACI International (NYSE: CACI), Boeing (NYSE: BA) and General Dynamics (NYSE: GD) were among the Index’s five worst net performers Tuesday.
British defense contractor BAE Systems PLC‘s shares on U.S. over-the-counter markets posted a fifth consecutive gain in a span where polls and bookmakers leaned slightly toward the U.K. public voting to stay in the EU and the company’s London exchange-listed stock has risen in three straight sessions.
GCI stocks with a majority of revenue from the U.S. federal government were among the Index’s top net gainers such as Huntington Ingalls Industries (NYSE: HII), CSRA (NYSE: CSRA) and Science Applications International Corp. (NYSE: SAIC).
Investors also weighed remarks from Federal Reserve Chair Janet Yellen to the Senate Banking Committee Tuesday that indicated the central bank would be cautious in monetary policy in light of labor data and the Brexit vote in the U.K., according to CNBC.
Top GovCon Index Net Gainers
|Symbol||Company||$ Current Price||Net Change ▴||% Change|
|HII||Huntington Ingalls Industries||161.30||+0.67||+0.42%|
Top GovCon Index Percentage Gainers
|Symbol||Company||$ Current Price||Net Change||% Change ▴|
*Also listed in the S&P 500 composite index
|Advancing GovCon Index Issues||14|
|Declining GovCon Index Issues||16|
|Unchanged GovCon Index Issues||0|
|Index||Value||Net Change||% Change|
|S&P 500||2, 088.90||+5.65||+0.27%|
|Dow Jones Industrial Average||17, 829.73||+24.86||+0.14%|