November 17 Market Close: GovCon Index Nudges Green, Fed Chair Tells Congress Rate Hike Near

GovConIndexUPExecutive Mosaic’s GovCon Index nudged a slight gain Thursday in a mostly positive session for the U.S. stock market at-large as investors listened to Federal Reserve Chair Janet Yellen’s congressional testimony.

GovCon Index decliners edged advancers and three of its 11 S&P 500 components closed green with Honeywell International (NYSE: HON) the best net gainer among co-listed stocks, while GCI-S&P stock Raytheon (NYSE: RTN) closed as the largest laggard for the Index overall.

Military shipbuilder Huntington Ingalls Industries (NYSE: HII) led all GCI advancers with a gain above $2.000 as CACI International (NYSE: CACI) and ICF (Nasdaq: ICFI) both added at least $1.00 each.

Raytheon and co-listed Boeing (NYSE: BA) both registered losses above the $1.00 mark.

Newport News, Virginia-based Huntington Ingalls has ended as a top five GCI net advancer in four of the last seven trading sessions and Thursday’s gain comes after credit rating agency Fitch Ratings said the U.S. Navy stands to benefit from defense spending increases under a Donald Trump presidency.

The S&P 500 came within four points of a new all-time record as investor speculation heightened over a December interest rate hike and possible stimulus under the next administration.

Futures markets priced in 96-percent odds on a December move after Yellen told lawmakers a rate increase is close and traders have started to bet on faster pace of hikes under a Trump presidency, Bloomberg reported.

Consumer stocks were the top gainers out of four S&P sectors with financial shares the largest decliner among the other seven.

Market Summary

Index Value Net Change % Change
GovCon Index 87.132 +0.131 +0.151%
S&P 500  2, 187.12 +10.18 +0.47%
Dow Jones Industrial Average 18, 903.82 +35.68 +0.19%
NASDAQ 5, 333.97 +39.39 +0.74%
Advancing GovCon Index Issues 12
Declining GovCon Index Issues 17
Unchanged GovCon Index Issues 1

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
HII Huntington Ingalls Industries 176.91 +2.53 +1.45%
CACI CACI International 124.20 +1.75 +1.43%
ICFI ICF 51.80 +1.15 +2.27%
COL Rockwell Collins 88.43 +0.89 +1.02%
HON Honeywell International * 113.10 +0.83 +0.74%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
KBR KBR 16.32 +0.51 +3.23%
ICFI ICF 51.80 +1.15 +2.27%
CSRA CSRA * 32.08 +0.64 +2.04%
HII Huntington Ingalls Industries 176.91 +2.53 +1.45%
CACI CACI International 124.20 +1.75 +1.43%

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▾ % Change
RTN Raytheon * 144.96 -1.20 -0.82%
BA Boeing * 145.33 -1.11 -0.76%
NOC Northrop Grumman * 244.66 -0.73 -0.30%
SAIC SAIC 79.05 -0.39 -0.49%
LLL L-3 Communications * 149.97 -0.39 -0.26%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▾
BAESY BAE Systems 29.60 -0.28 -0.94%
ACM AECOM 37.21 -0.32 -0.85%
RTN Raytheon * 144.96 -1.20 -0.82%
BA Boeing * 145.33 -1.11 -0.76%
LDOS Leidos Holdings 47.55 -0.32 -0.67%

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