Home / Financial Report / November 28 Market Close: GovCon Index Down as Post-Election Rally Pauses

November 28 Market Close: GovCon Index Down as Post-Election Rally Pauses

GovConIndexDOWNExecutive Mosaic’s GovCon Index ended its six-day win streak Monday as U.S. stocks also took a break from the post-election rally after a stretch that saw equities post three straight weekly gains.

GovCon Index decliners edged gainers and six of its 11 S&P 500 components advanced with General Dynamics (NYSE: GD) the top net gainer overall and among co-listed companies, while Harris Corp. (NYSE: HRS) ended as the lowest performer for stocks in both indices.

Navistar International (NYSE: NAV) weighed on the GCI with a decline just shy of $2.00 and Cubic Corp.’s (NYSE: CUB) loss was short of $1.00.

Prior to Monday’s close, the GovCon Index added 12.24 percent and the S&P 500 composite index climbed 3.45 percent since Nov. 8 on market expectations that President-elect Donald Trump will work to boost defense and infrastructure spending and pursue cuts to regulations and corporate taxes.

Financial and consumer stocks led six S&P sectors lower with utilities the top performer among the remaining five Monday as investors turn their attention to Wednesday’s meeting among OPEC countries over a potential oil output cut.

Crude futures in New York settled up 2.1 percent to $47.01 a barrel and the global Brent benchmark added 2 percent to $48.17 in rebounds from early losses in the trading session on prospects there will be a deal.

Market Summary

Index Value Net Change % Change
GovCon Index 89.313 -0.205 -0.230%
S&P 500  2, 201.72 -11.63 -0.53%
Dow Jones Industrial Average 19, 097.90 -52.24 -0.28%
NASDAQ 5, 368.81 -30.11 -0.56%
Advancing GovCon Index Issues 13
Declining GovCon Index Issues 17
Unchanged GovCon Index Issues 0

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▾ % Change
NAV Navistar International 29.49 -1.80 -5.75%
CUB Cubic Corporation 46.05 -0.95 -2.02%
HRS Harris Corp. * 104.01 -0.78 -0.74%
HII Huntington Ingalls Industries 180.02 -0.78 -0.43%
ACM AECOM 36.97 -0.70 -1.86%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▾
NAV Navistar International 29.49 -1.80 -5.75%
CUB Cubic Corp. 46.05 -0.95 -2.02%
ACM AECOM 36.97 -0.70 -1.86%
MANT ManTech International 44.50 -0.50 -1.11%
MMS Maximus 56.90 -0.43 -0.75%

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
GD General Dynamics * 172.67 +0.59 +0.34%
NOC Northrop Grumman * 248.96 +0.38 +0.15%
RTN Raytheon * 148.90 +0.35 +0.24%
LDOS Leidos Holdings 50.25 +0.27 +0.54%
CAE CAE 14.79 +0.26 +1.79%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
CAE CAE 14.79 +0.26 +1.79%
BAH Booz Allen Hamilton 37.20 +0.20 +0.54%
LDOS Leidos Holdings 50.25 +0.27 +0.54%
VEC Vectrus 23.22 +0.12 +0.52%
GD General Dynamics * 172.67 +0.59 +0.34%

Check Also

Honeywell Awarded $111M to Provide Hardware for Army Tank Engine Overhaul

Honeywell (NYSE: HON) has received a potential $110.9M contract modification to provide hardware required to overhaul engines that power the U.S. Army's Abrams tanks. Services under the contract are intended to address Advanced Gas Turbine 1500 production requirements at Anniston Army Depot and support field repair efforts under the Total Integrated Engine Revitalization program, the Department of Defense said Thursday.

Amyx Secures $105M in DHA Program, Acquisition Support Contracts

Amyx has won a pair of fixed-price contracts worth $104.7M combined to support procurement and program management functions at the Defense Health Agency.