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September 12 Market Close: GovCon Index Reverses Friday Sharp Decline with Significant Increase


GovConIndexUPExecutive Mosaic’s GovCon Index reversed it’s Friday closing position with a significant advance to 80.727, up 1.13 percent. All thrifty stock in the index advanced.

Fed Governor Lael Brainard addressing The Chicago Council on Global Affairs  “counsels prudence in the removal of policy accommodation.”

Markets move to the positive upon chances of a rate hike at the Fed’s next meeting immediately slumped after news of Brainard’s speech broke.

 

 

Market Summary

IndexValueNet Change% Change
GovCon Index80.727+0.905+1.13%
S&P 5002, 159.04+31.23+1.47%
Dow Jones Industrial Average18, 325.07+239.62+1.32%
NASDAQ5, 211.89+85.98+1.68%
Advancing GovCon Index Issues30
Declining GovCon Index Issues0
Unchanged GovCon Index Issues0

Top GovCon Index Net Performers

SymbolCompany$ Current PriceNet Change ▴% Change
MCKMcKesson Corp.*180.47+4.38+2.49%
LLLL-3 Communications*148.95+1.94+1.32%
GDGeneral Dynamics Corp.*151.81+1.90+1.27%
BABoeing*130.12+1.59+1.24%
HONHoneywell Intern. Inc. *113.49+1.48+1.32%

Top GovCon Index Percentage Performers

SymbolCompany$ Current PriceNet Change% Change ▴
IIntelsat2.83+0.18+6.79%
NAVNavistar Intern.19.05+0.56+3.03%
MCKMcKesson Corp.*180.47+4.38+2.49%
CSRA CSRA*26.78+0.58+2.21%
LDOS Leidos Holdings Inc.42.32+0.83+2.00%

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