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February 15 Market Close: GovCon Index & US Stocks Further Extend Record Highs

Executive Mosaic’s GovCon Index and all three major U.S. stock indices moved further into record-high territory Wednesday after President Donald Trump repeated his plans to cut taxes and simplify the tax code after a meeting with retail company executives.

GovCon Index advancers outnumbered decliners by a 9-to-1 ratio as nine of its 11 S&P 500 stocks registered gains with co-listed McKesson Corp. (NYSE: MCK) the GCI’s top overall net performer for a second consecutive session at a $4.00 gain.

The GovCon Index has set a new all-time record close in three straight sessions as the S&P 500 has hit new closing highs for five consecutive days.

The pharmaceutical services provider has climbed 6.39 percent over two sessions, while the S&P healthcare index has risen 1.91 percent in that time as investors shook off concerns over a quick repeal of Obamacare in Congress as Trump promised during his election campaign.

Six GCI stocks hit 52-week highs during the session: General Dynamics (NYSE: GD), Harris Corp. (NYSE: HRS), Honeywell International (NYSE: HON), L3 Technologies (NYSE: LLL), CAE (NYSE: CAE) and Huntington Ingalls Industries (NYSE: HII).

Six GCI companies added at least $1.00 each in Wednesday trade: McKesson, Huntington Ingalls, L3, Northrop Grumman (NYSE: NOC), Science Applications International Corp. (NYSE: SAIC) and CACI International (NYSE: CACI).

Financial stocks led six major S&P sectors higher with utilities the largest decliner among the remaining five.

Market Summary

Index Value Net Change % Change
GovCon Index 92.164 +0.774 +0.847%
S&P 500 2,349.25 +11.67 +0.50%
Dow Jones Industrial Average 20,611.45 +107.45 +0.52%
NASDAQ 5,819.44 +36.87 +0.64%
Advancing GovCon Index Issues 27
Declining GovCon Index Issues 3
Unchanged GovCon Index Issues 0

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▴ % Change
MCK McKesson Corp. * 149.52 +4.32 +2.98%
HII Huntington Ingalls Industries 205.70 +3.11 +1.54%
LLL L3 Technologies * 168.15 +2.42 +1.46%
NOC Northrop Grumman * 241.59 +1.97 +0.82%
SAIC SAIC 86.36 +1.60 +1.89%

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▴
CAE CAE 15.50 +0.96 +6.60%
MCK McKesson Corp. * 149.52 +4.32 +2.98%
SAIC SAIC 86.36 +1.60 +1.89%
HII Huntington Ingalls Industries 205.70 +3.11 +1.54%
BAH Booz Allen Hamilton 34.56 +0.51 +1.50%

GovCon Index Decliners

Symbol Company $ Current Price Net Change ▾ % Change
HRS Harris Corp. * 107.32 -0.62 -0.57%
TXT Textron * 49.16 -0.04 -0.08%
OA Orbital ATK 89.11 -0.04 -0.04%
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