August 29 Morning Report: GovCon Index Posts Friday, Weekly Loss on Federal Reserve’s Rate Hike Outlook

GovConIndexDOWNExecutive Mosaic’s GovCon Index closed Friday with a 0.359-point drop to 81.205 and recorded a second straight weekly loss following Federal Reserve Chair Janet Yellen’s comments on a potential interest rate hike.

Yellen has told central bankers in Wyoming the current low unemployment rate and increased price stability has strengthened the case for another interest rate hike potentially next month.

Textron (NYSE: TXT) was the lone GCI-S&P 500 stock to close Friday in the positive, while 18 GCI companies posted weekly gains with five also included in the S&P 500.

Market Summary

Index Value Net Change % Change
GovCon Index 81.205 -0.359 -0.440%
S&P 500 2, 169.04 -3.43 -0.16%
Dow Jones Industrial Average 18, 395.40 -53.01 -0.29%
NASDAQ 5, 218.92 +6.71 +0.13%
Advancing GovCon Index Issues 11
Declining GovCon Index Issues 19
Unchanged GovCon Index Issues 0

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▾ % Change
LMT Lockheed Martin* 244.44 -4.09 -1.65%
NOC Northrop Grumman* 211.93 -1.51 -0.71%
GD General Dynamics* 151.58 -1.10 -0.72%
HII Huntington Ingalls Industries 165.86 -0.89 -0.53%
RTN Raytheon* 140.92 -0.86 -0.61%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▾
I Intelsat 2.85 -0.25 -8.06%
LMT Lockheed Martin* 244.44 -4.09 -1.65%
NAV Navistar International 14.10 -0.16 -1.12%
CAE CAE 14.00 -0.15 -1.06%
OA Orbital ATK 74.46 -0.74 -0.98%

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
BAESY BAE Systems 28.24 +0.42 +1.51%
SAIC SAIC 63.79 +0.32 +0.50%
MANT ManTech International 41.49 +0.20 +0.48%
VEC Vectrus 33.18 +0.18 +0.55%
EGL Engility Holdings, Inc. 30.17 +0.16 +0.53%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
BAESY BAE Systems 28.24 +0.42 +1.51%
VEC Vectrus 33.18 +0.18 +0.55%
EGL Engility Holdings 30.17 +0.16 +0.53%
SAIC SAIC 63.79 +0.32 +0.50%
MANT ManTech International 41.49 +0.20 +0.48%

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