February 8 Market Close: GovCon Index Lower on Services Stock Declines, US Stocks in Narrow Range

Executive Mosaic’s GovCon Index traded lower Wednesday on declines by services-oriented contractors as U.S. stocks traded in narrow range with financial shares the main laggards and crude oil prices again a focal point of investor attention.

GovCon Index gainers outnumbered decliners by a 4-to-1 ratio as three of its 11 S&P 500 components closed green with pharmaceutical services provider and co-listed company McKesson Corp. (NYSE: MCK) the GCI’s overall top net performer.

Government services companies CACI International (NYSE: CACI) and S&P-500 listed CSRA (NYSE: CSRA) ended as the GCI’s two largest net decliners by at least $2.00 each.

GCI stocks down by more than $1.00 included Boeing (NYSE: BA), Engility Holdings (NYSE: EGL), AECOM (NYSE: ACM), ManTech International (Nasdaq: MANT), Science Applications International Corp. (NYSE: SAIC) and Cubic Corp. (NYSE: CUB).

Falls Church, Va.-based CSRA lowered its full-year sales guidance range after markets closed Tuesday with second quarter earnings above analysts’ expectations and revenue in-line.

McKesson closed just shy of a $1.00 gain despite the S&P healthcare index’s nominal decline of 0.14 percent.

Crude oil futures settled up 26 cents to $52.43 a barrel after the U.S. stockpile for last week rose to a level short of trader expectations as gasoline stocks decreased, Reuters reported.

Financial stocks tumbled 1 percent to lead four major S&P sectors lower with real estate the best performer among the remaining seven.

Market Summary

Index Value Net Change % Change
GovCon Index 88.982 -0.594 -0.663%
S&P 500 2,294.67 +1.59 +0.07%
Dow Jones Industrial Average 20,054.34 -35.95 -0.18%
NASDAQ 5,682.45 +8.24 +0.15%
Advancing GovCon Index Issues 6
Declining GovCon Index Issues 24
Unchanged GovCon Index Issues 0

Lowest GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▾ % Change
CACI CACI International 126.20 -3.10 -2.40%
CSRA CSRA * 30.30 -2.25 -6.91%
BA Boeing * 163.81 -1.27 -0.77%
MANT ManTech International 37.78 -1.14 -2.93%
CUB Cubic Corp. 46.50 -1.10 -2.31%

Lowest GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▾
CSRA CSRA * 30.30 -2.25 -6.91%
EGL Engility Holdings 28.42 -1.03 -3.50%
MANT ManTech International 37.78 -1.14 -2.93%
ACM AECOM 37.03 -1.09 -2.86%
CACI CACI International 126.20 -3.10 -2.40%

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▴ % Change
MCK McKesson Corp. * 140.94 +1.01 +0.72%
LMT Lockheed Martin * 256.74 +0.37 +0.14%
BAESY BAE Systems 30.10 +0.20 +0.67%
RTN Raytheon * 148.19 +0.07 +0.05%
CAE CAE 14.13 +0.03 +0.21%

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change % Change ▴
MCK McKesson Corp. * 140.94 +1.01 +0.72%
BAESY BAE Systems 30.10 +0.20 +0.67%
CAE CAE 14.13 +0.03 +0.21%
LMT Lockheed Martin * 256.74 +0.37 +0.14%
RTN Raytheon * 148.19 +0.07 +0.05%

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