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January 17 Morning Report: GovCon Index Posts Gain on Defense Prime Stock Boost

Executive Mosaic’s GovCon Index closed Friday with a 0.464-percent climb to 88.863 as gainers outnumbered laggards at a 2-to-1 ratio with strong performances by defense prime stocks.

L3 Technologies (NYSE: LLL) was GCI’s top net performer while Vectrus (NYSE: VEC) led the listed stocks in percentage gained.

The Index’s rebound comes amid investor optimism on quarterly profits by Bank of America,  JPMorgan Chase and Wells Fargo above analyst expectations, a 0.6-percent retail sales increase in December and the Labor Department‘s report of a 1.6-percent gain in the 2016 producer price index.

Market Summary

IndexValueNet Change% Change
GovCon Index88.863+0.410+0.464%
S&P 5002, 274.64+4.20+0.18%
Dow Jones Industrial Average19, 885.73-5.27-0.03%
NASDAQ5, 574.12+26.63+0.48%
Advancing GovCon Index Issues18
Declining GovCon Index Issues12
Unchanged GovCon Index Issues0

Top GovCon Index Net Performers

SymbolCompany$ Current PriceNet Change ▴% Change
LLLL3 Technologies*148.89+3.18+2.18%
MCKMcKesson Corp.*147.18+2.50+1.73%
LMTLockheed Martin*254.53+1.91+0.76%
GDGeneral Dynamics*177.89+1.37+0.78%
NOCNorthrop Grumman*230.17+1.02+0.45%

Top GovCon Index Percentage Performers

SymbolCompany$ Current PriceNet Change% Change ▴
LLLL3 Technologies*148.89+3.18+2.18%
MCKMcKesson Corp.*147.18+2.50+1.73%

Lowest GovCon Index Net Performers

SymbolCompany$ Current PriceNet Change ▾% Change
BAESYBAE Systems29.72-0.47-1.56%
COLRockwell Collins89.93-0.47-0.52%

Lowest GovCon Index Percentage Performers

SymbolCompany$ Current PriceNet Change% Change ▾
BAESYBAE Systems29.72-0.47-1.56%
COLRockwell Collins89.93-0.47-0.52%

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