Executive Mosaic’s GovCon IndexÂ recovered from a slightly negative open Monday and held positive against choppy activity in U.S. stock markets asÂ speculation over the next interest rate hike continued to dominate investors’ attention.
GovCon Index gainers outnumbered laggers and unchanged stocks by a 2-to-1 ratio and eight of the GCI’s 11 S&P 500-listed stocks posted gains with Northrop Grumman (NYSE: NOC) the top net performer and BoeingÂ (NYSE: BA) the best percentage mover of companies listed in both indices.
Orbital ATK (NYSE: OA) led all GCI net gainers Monday and the Dulles, Virginia-based aerospace company’s stock traded at a volume of 1.02 millionÂ shares versus the three-month average of 653, 053, while Leidos Holdings (NYSE: LDOS) topped on percentage.
Reston, Virginia-based Leidos’ Monday volume totaled 5.83 millionÂ shares compared to the three-month average of 2.97 millionÂ and the government services contractor has climbed 5.63Â percent since Aug. 17, the company’s first full day after its merger with the formerÂ Lockheed MartinÂ (NYSE: LMT) services segment.
The U.S. stock bellwether S&P 500 composite index has slowed down from its rally since early July as investors have examined comments from Federal Reserve leaders on monetary policy and alsoÂ turnedÂ someÂ attention to commodities such as crude oil ahead of a September OPEC meeting.
Fed Chair Janet Yellen is scheduled to address the Economic Policy Symposium Friday in Jackson Hole, Wyoming.
Crude futures in New York fell 3.03 percent to $47.05 and that decline sentÂ the S&P energyÂ sector down nearly a percent, while the London Brent benchmark tumbled 3.36 percent to $49.17 a barrel.
|Index||Value||Net Change||% Change|
|S&P 500||2, 182.64||-1.23||-0.06%|
|Dow Jones Industrial Average||18, 529.42||-23.15||-0.12%|
|Advancing GovCon Index Issues||20|
|Declining GovCon Index Issues||10|
|Unchanged GovCon Index Issues||0|
Top GovCon Index Net Gainers
|Symbol||Company||$ Current Price||Net ChangeÂ â´||% Change|
|NOC||Northrop Grumman *||218.26||+0.84||+0.39%|
|HII||Huntington Ingalls Industries||168.46||+0.69||+0.41%|
Top GovCon Index PercentageÂ Gainers
|Symbol||Company||$ Current Price||Net Change||% ChangeÂ â´|
|BAH||Booz Allen Hamilton||30.34||+0.53||+1.78%|
LowestÂ GovCon Index Net Performers
|Symbol||Company||$ Current Price||Net ChangeÂ â¾||% Change|
|MCK||McKesson Corp. *||193.65||-0.20||-0.10%|
|GD||General Dynamics Corp. *||152.22||-0.16||-0.11%|
LowestÂ GovCon IndexÂ PercentageÂ Performers
|Symbol||Company||$ Current Price||Net Change||% ChangeÂ â¾|