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February 21 Market Close: GovCon Index Hits 5th Straight Record Close, Wal-Mart Sales Beat Lifts US Stocks

Executive Mosaic’s GovCon Index climbed to a record close for a fifth straight session Monday with Boeing (NYSE: BA) the main contributor along with mid-tier aerospace gains as U.S. stocks also pushed to new all-time highs after Wal-Mart reported quarterly sales above Wall Street’s forecasts.

GovCon Index advancers outnumbered decliners by a 9-to-1 ratio as 10 of its 11 S&P 500 components moved green with co-listed Boeing the GCI’s top overall net performer, while the airplane maker also led gainers in the Dow Jones Industrial Average at a $3.00 climb.

Five other GCI stocks also rose by at least $1.00: Orbital ATK (NYSE: OA), Harris Corp. (NYSE: HRS), Maximus (NYSE: MMS), Raytheon (NYSE: RTN) and CACI International (NYSE: CACI).

Seven GovCon companies hit new 52-week highs during the session: Boeing, Harris, L3, Raytheon, General Dynamics (NYSE: GD), Honeywell International (NYSE: HON) and Cubic Corp. (NYSE: CUB).

The S&P 500 composite index closed at an all-time high on Wal-Mart’s top line beat in a session that saw investors also welcome strong 2017 guidance from Home Depot.

All 11 major S&P sectors advanced with real estate and energy the top-performing sectors.

Market Summary

Index Value Net Change % Change
GovCon Index 93.471 +0.640 +0.689%
S&P 500 2,365.38 +14.22 +0.60%
Dow Jones Industrial Average 20,743.00 +118.95 +0.58%
NASDAQ 5,865.95 +23.37 +0.47%
Advancing GovCon Index Issues 26
Declining GovCon Index Issues 4
Unchanged GovCon Index Issues 0

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▴ % Change
BA Boeing * 175.56 +2.85 +1.65%
OA Orbital ATK 91.22 +1.70 +1.90%
HRS Harris Corp. * 111.02 +1.56 +1.43%
MMS Maximus 60.00 +1.27 +2.16%
RTN Raytheon * 154.02 +1.16 +0.76%

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▴
NAV Navistar International 27.85 +0.66 +2.43%
MMS Maximus 60.00 +1.27 +2.16%
CSRA CSRA * 30.63 +0.61 +2.03%
BAH Booz Allen Hamilton 35.38 +0.67 +1.93%
OA Orbital ATK 91.22 +1.70 +1.90%

GovCon Index Decliners

Symbol Company $ Current Price Net Change ▾ % Change
VEC Vectrus 23.08 -0.26 -1.11%
ICFI ICF 52.35 -0.15 -0.29%
TXT Textron * 48.21 -0.14 -0.29%
GIB CGI Group 48.65 -0.03 -0.06%

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