May 11 Market Close: GovCon Index Down, Rumors of a Possible Textron Acquisition


The Executive Mosaic GovCon Index posted minor losses to close down 0.011 percent to 93.282 with advancers and decliners split evenly. Textron topped of the GovCon Index board gaining 3.60 per cent on rumors of a possible acquisition by Lockheed Martin hit the streets.

U.S. major markets closed down as the Bloomberg Consumer Comfort Index showed consumers having hesitations about the strength of the U.S. economy. The NASDAQ closed down 13 points to 6,115.96 ending the five days of record highs.

WTI rose again for the second consecutive day up $0.45 to $47.78. OPEC gave strong indications of continuing oil cuts until the end of the year with the firm decision to be made at the OPEC meeting on May 25th.

 Today Market Summary

Index Value Net Change % Change
GovCon Index 93.282 -0.010 -0.011%
S&P 500 2,394.44 -5.19 -o.22%
Dow Jones Industrial Average 20,919.42 -23.69 -0.11%
NASDAQ 6,115.96 -13.18 -0.22%
Advancing GovCon Index Issues 14
Declining GovCon Index Issues 16
Unchanged GovCon Index Issues 0

Top GovCon Index Percentage Performers

Symbol Company $ Current Price Net Change ▴ % Change
TXT Textron * 48.57 +1.69 +3.60%
MCK McKesson Corp. * 145.70 +2.47 +1.72%
OA Orbital ATK 99.43 +1.34 +1.37%
LDOS Leidos Holdings 52.70 +0.27 +0.51%
MMS Maximus  63.47  +0.28 +0.44%

Top GovCon Index Net Performers

Symbol Company $ Current Price Net Change ▴ % Change
MCK McKesson Corp. * 145.70 +2.47 +1.72%
TXT Textron * 48.57 +1.69 +3.60%
OA Orbital ATK 99.43 +1.34 +1.37%
BA Boeing * 183.94 +0.76 +0.41%
GD General Dynamics *  194.98  +0.59 +0.30%

Top GovCon Index Percentage Decliners

Symbol Company $ Current Price Net Change ▾ % Change
CUB Cubic Corp. 45.45 -1.40 -2.99%
EGL Engility Holdings 27.39 -0.45 -1.62%
MANT ManTech Intern. 38.31 -0.55 -1.42%

*Companies Included in S&P500 Index

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