May 17 Market Close: Significant Declines in the GovCon Index and Major Markets

The Executive Mosaic GovCon Index followed major markets downward closing off 2.23 per cent to 91.553. All 30 of the stocks that comprise the GovCon Index were negative on the day.

The major markets were off significantly today with losses that reversed all the gains realized in May. Investors showed concerns about the economy and the challenges facing the current administration.

At market close WTI moved contrary to major stock markets closing up 0.70 percent to $49.00 as weekly data shows U.S. supplies falling; giving encouragement that OPEC cuts are taking hold. 

 

 Today Market Summary

Index Value Net Change % Change
GovCon Index 91.553 -1.676 -2.23%
S&P 500 2,357.03 -43.64 -1.82%
Dow Jones Industrial Average 20,606.93 -372.82 -1.78%
NASDAQ 6,011.24 -158.63 -2.57%
Advancing GovCon Index Issues 0
Declining GovCon Index Issues 30
Unchanged GovCon Index Issues 0

Top GovCon Index Percentage Decliners

Symbol Company $ Current Price Net Change ▾ % Change
EGL Engility Holdings 26.80 -1.76 -6.16%
NAV Navistar Intern. 25.66 -1.61 -5.90%
TXT Textron Inc. * 46.19 -1.99 -4.13%

*Companies Included in S&P500 Index

You may also be interested in...

F-35 Lightning II

State Dept OKs Potential $10B Sale of Lockheed-Made F-35s to UAE

The State Department informed Congress it approved the United Arab Emirates’ request to buy 50 Lockheed Martin-built (NYSE: LMT) F-35 fighter jets under a potential $10B deal, Reuters reported Friday. The potential foreign military sales deal will move to an informal review by the House Foreign Affairs and Senate Foreign Relations committees.

strategic partnership

DC Capital Aims to Help HTSI Grow Gov’t Footprint via Strategic Partnership

Private equity firm DC Capital Partners has entered into a strategic partnership agreement with Huntsville, Alabama-based system engineering company Hill Technical Solutions Inc. aimed at helping expand the latter's customer base and support work in the government sector.