Executive Mosaic’s GovCon Index turned downward in late morning trade Thursday then traded in slight negative territory during theÂ afternoon session as investors looked ahead to the June labor report due for release before markets open Friday.
The GovCon Index fell 0.263Â points to 79.557 withÂ Boeing (NYSE: BA) and CSRA (NYSE: CSRA) asÂ the only S&P 500-listedÂ GCIÂ stocks to post a gain.
Montreal-based aerospace and defense contractor CAE (NYSE: CAE) added 3.08Â percent after the company disclosed nearly $77 million in aircraft maintenance and training support subcontract awards from Lockheed Martin (NYSE: LMT) and an L-3 Communications (NYSE: LLL) subsidiary.
L-3 declined $3.48 — or 2.32Â percent — to end Thursday as the GCI’s biggest net lagger.
U.S. stocks reversed into negative withÂ energy sharesÂ downÂ 1.5 percent on declines in oil pricesÂ after the American Petroleum Institute reported a slower drawdown in the U.S.’ weekly crude inventoryÂ compared to the prior reading, according to CNBC.
Crude oil futures in New York settled down 4.83 percent to a two-month low of $45.14.
Gains in technology shares kept theÂ NASDAQ composite index positive despite a brief dip in early afternoon trade.
Top GovCon Index Net Gainers
|Symbol||Company||$ Current Price||Net ChangeÂ â´||% Change|
Top GovCon Index Percentage Gainers
|Symbol||Company||$ Current Price||Net Change||% ChangeÂ â´|
*Also listed in the S&P 500 composite index
|Advancing GovCon Index Issues||13|
|Declining GovCon Index Issues||16|
|Unchanged GovCon Index Issues||1|
|Index||Value||Net Change||% Change|
|S&P 500||2, 097.90||-1.83||-0.09%|
|Dow Jones Industrial Average||17, 895.88||-22.74||-0.13%|