Home / Financial Report / June 21 Market Close: GovCon Index Narrowly Down, US-Focused Contractors Gain in Brexit-Dominated Trade

June 21 Market Close: GovCon Index Narrowly Down, US-Focused Contractors Gain in Brexit-Dominated Trade

GovConIndexDOWNThe 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
CSRA CSRA* 23.70 +0.81 +3.54%
HII Huntington Ingalls Industries 161.30 +0.67 +0.42%
SAIC SAIC 58.02 +0.39 +0.68%
LLL L-3 Communications* 143.73 +0.36 +0.25%
HRS Harris Corp.* 83.50 +0.33 +0.40%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
CSRA CSRA* 23.70 +0.81 +3.54%
BAESY BAE Systems 29.13 +0.24 +0.83%
SAIC SAIC 58.02 +0.39 +0.68%
CAE CAE 12.63 +0.07 +0.56%
LDOS Leidos Holdings 47.90 +0.21 +0.44%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 14
Declining GovCon Index Issues 16
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 79.190 -0.099 -0.125%
S&P 500 2, 088.90 +5.65 +0.27%
Dow Jones Industrial Average 17, 829.73 +24.86 +0.14%
NASDAQ 4, 843.76 +6.55 +0.14%

Check Also

NGA Deputy Director Stacey Dixon Receives 2020 Wash100 Award From Jim Garrettson, CEO of Executive Mosaic

Jim Garrettson, found and CEO of Executive Mosaic, presented Dr. Stacey Dixon, deputy director of the National Geospatial-Intelligence Agency (NGA), her first Wash100 Award as a part of the 2020 selection on Wednesday

Teresa Carlson, AWS Worldwide Public Sector VP, Named to 2020 Wash100 for Cloud Innovation, Business Expansion and New Educational Platforms

Executive Mosaic is honored to present Teresa Carlson, vice president of the worldwide public sector business at Amazon Web Services, as an inductee into the 2020 edition of the Wash100 Award for driving cloud innovation, expanding AWS' influence and advocating for cloud computing education within Virginia schools.