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June 9 Market Close: GovCon Index Flat, US Stocks Post Little Change in Investor Outlook Reset

GovConIndexDOWNThe GovCon Index attempted an afternoon reversal from its morning decline Thursday and closed at a nominal loss of 0.004 points to 80.493 as U.S. investors paused their recent stretch of optimism before the Federal Reserve‘s policy meeting next week and other key events to gauge the global economy.

Thursday ends the Index’s stretch of gains at six as gainers and laggers were split evenly at 15 each, while Honeywell International (NYSE: HON) and L-3 Communications (NYSE: LLL) both reached 52-week highs in intraday trade.

According to Bloomberg, traders have priced in December as the most likely month for the next interest rate hike by the Fed with almost zero odds for the central bank’s June summit set for Tuesday and Wednesday.

Britain’s vote in July on whether to exit the European Union is also a focal point of attention for global markets as is the U.S. election in November.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
HON Honeywell International* 117.21 +1.14 +0.98%
LLL L-3 Communications* 147.90 +0.99 +0.67%
HII Huntington Ingalls Industries 163.75 +0.97 +0.60%
OA Orbital ATK 90.63 +0.94 +1.05%
NOC Northrop Grumman* 218.58 +0.92 +0.42%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
OA Orbital ATK 90.63 +0.94 +1.05%
HON Honeywell International* 117.21 +1.14 +0.98%
ICFI ICF International 42.44 +0.33 +0.78%
LLL L-3 Communications* 147.90 +0.99 +0.67%
HII Huntington Ingalls Industries 163.75 +0.97 +0.60%

*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 80.493 -0.004 -0.005%
S&P 500 2, 115.48 -3.64 -0.17%
Dow Jones Industrial Average 17, 985.19 -19.86 -0.11%
NASDAQ 4, 958.62 -16.03 -0.32%

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