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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

IndexValueNet Change% Change
GovCon Index93.282-0.010-0.011%
S&P 5002,394.44-5.19-o.22%
Dow Jones Industrial Average20,919.42-23.69-0.11%
NASDAQ6,115.96-13.18-0.22%
Advancing GovCon Index Issues14
Declining GovCon Index Issues16
Unchanged GovCon Index Issues0

Top GovCon Index Percentage Performers

SymbolCompany$ Current PriceNet Change ▴% Change
TXTTextron *48.57+1.69+3.60%
MCKMcKesson Corp. *145.70+2.47+1.72%
OAOrbital ATK99.43+1.34+1.37%
LDOSLeidos Holdings52.70+0.27+0.51%
MMSMaximus 63.47 +0.28+0.44%

Top GovCon Index Net Performers

SymbolCompany$ Current PriceNet Change ▴% Change
MCKMcKesson Corp. *145.70+2.47+1.72%
TXTTextron *48.57+1.69+3.60%
OAOrbital ATK99.43+1.34+1.37%
BABoeing *183.94+0.76+0.41%
GDGeneral Dynamics * 194.98 +0.59+0.30%

Top GovCon Index Percentage Decliners

SymbolCompany$ Current PriceNet Change ▾% Change
CUBCubic Corp.45.45-1.40-2.99%
EGLEngility Holdings27.39-0.45-1.62%
MANTManTech Intern.38.31-0.55-1.42%

*Companies Included in S&P500 Index

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