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

Index Value Net Change % Change
GovCon Index 80.727 +0.905 +1.13%
S&P 500 2, 159.04 +31.23 +1.47%
Dow Jones Industrial Average 18, 325.07 +239.62 +1.32%
NASDAQ 5, 211.89 +85.98 +1.68%
Advancing GovCon Index Issues 30
Declining GovCon Index Issues 0
Unchanged GovCon Index Issues 0

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▴ % Change
MCK McKesson Corp.* 180.47 +4.38 +2.49%
LLL L-3 Communications* 148.95 +1.94 +1.32%
GD General Dynamics Corp.* 151.81 +1.90 +1.27%
BA Boeing* 130.12 +1.59 +1.24%
HON Honeywell Intern. Inc. * 113.49 +1.48 +1.32%

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▴
I Intelsat 2.83 +0.18 +6.79%
NAV Navistar Intern. 19.05 +0.56 +3.03%
MCK McKesson 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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