Home / Financial Report / February 15 Market Close: GovCon Index & US Stocks Further Extend Record Highs

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%

Check Also

Kevin McDonnell to Join AeroVironment as SVP, CFO

Kevin McDonnell, former senior vice president and chief financial officer of JAMS, has been appointed to the same positions at unmanned aircraft system maker AeroVironment (Nasdaq: AVAV). His appointment is effective Feb. 10 and he will succeed Brian Shackley, who has held the CFO role at AeroVironment on an acting basis since October, the company said Thursday.

Army Engineers Select Brayman for $320M Bluestone Dam Rehabilitation Contract

Brayman Construction has landed a potential nine-year, $319.6M contract from the U.S. Army Corps of Engineers to renovate recreational areas and equipment at the Bluestone Dam's stilling basin in West Virginia.