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  • Friday, April 26, 2024

September 6 Morning Report: GovCon Index Snaps Losing Streak to Register Weekly Gain


GovConIndexUPExecutive Mosaic’s GovCon Index posted a gain of 0.508 percent or 0.412 points Friday to close at 81.565 and end a three-day losing streak as investors bet against the possibility of an interest rate hike in September.

The Index also registered a weekly gain with S&P 500-listed Northrop Grumman (NYSE: NOC) as the top advancer and 12 other GCI companies in the green.

Index stocks for CGI Group (NYSE: GIB),  General Dynamics (NYSE: GD), Harris Corp. (NYSE: HRS),  ICF International (Nasdaq: ICFI) and Science Applications International Corp. (NYSE: SAIC) hit 52-week highs during intraday trade.

Market Summary

IndexValueNet Change% Change
GovCon Index81.565+0.412+0.508%
S&P 5002, 179.98+9.12+0.42%
Dow Jones Industrial Average18, 491.96+72.66+0.39%
NASDAQ5, 249.90+22.69+0.43%
Advancing GovCon Index Issues27
Declining GovCon Index Issues3
Unchanged GovCon Index Issues0

Top GovCon Index Net Performers

SymbolCompany$ Current PriceNet Change ▴% Change
CACICACI International100.07+1.41+1.43%
NOCNorthrop Grumman*213.24+1.41+0.67%
BABoeing*131.16+1.26+0.97%
CUBCubic Corp.48.01+1.20+2.56%
GDGeneral Dynamics*153.81+0.97+0.63%

Top GovCon Index Percentage Performers

SymbolCompany$ Current PriceNet Change% Change ▴
IIntelsat2.75+0.18+7.00%
NAVNavistar International14.07+0.54+3.99%
CUBCubic Corp.48.01+1.20+2.56%
BAESYBAE Systems29.09+0.47+1.64%
ICFIICF International43.22+0.66+1.55%

Lowest GovCon Index Net Performers

SymbolCompany$ Current PriceNet Change ▾% Change
VECVectrus26.39-0.52-1.93%
MCKMcKesson Corp.*182.98-0.29-0.16%
LMTLockheed Martin*243.32-0.29-0.12%

Lowest GovCon Index Percentage Performers

SymbolCompany$ Current PriceNet Change% Change ▾
VECVectrus26.39-0.52-1.93%
MCKMcKesson Corp.*182.98-0.29-0.16%
LMTLockheed Martin*243.32-0.29-0.12%

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