Hello, Guest!

September 18th Market Close: GovConIndex Rises on News of Northrop’s Acquisition of Orbital ATK


The Executive Mosaic GovCon Index (GCI) increased significantly on the day reaching a new YTD high of 104.137 up 1.786 percent. Orbital ATK  and Northrop Grumman top the GCI with the news of Northrop Grumman’s intent to acquire the global aerospace and defense company.

The three major indices all closed in the positive. The S&P500 remained above the 2500 mark and closed at another new high of 2,503.87 up 0.15 percent, while the DJIA set new records gaining 0.28 percent to 22,331.35, and the NASDAQ Composite, moved upward by 0.10 percent to close at 6,454.64.

Crude oil advanced for the seventh consecutive day reaching a 45 day high. WTI on the NY Mercantile Exchange just shy of the $50 mark, closed at $49.91 per barrel up 0.04 percent as it spent the better part of the trading day in the negative.

Market Summary

INDEXSETTLEMENT VALUEDAY NET CHANGEDAY % CHANGE Y-T-D NET CHANGEY-T-D % CHANGE
GovCon Index 104.137+1.838+1.786%+16.16+18.37%
S&P 500 2,503.87+3.64+0.15% +252.30+11.21%
Dow Jones Industrial Average22,331.35+63.01+0.28% +2,458.49+12.37%
NASDAQ 6,454.64+6.17+0.10% +1,029.02+18.97%
Advancing GovCon Index Issues 23
Declining GovCon Index Issues6
Unchanged GovCon Index Issues 1

Top GovCon Index Daily Percentage Performers

SymbolCompany$ Current PriceNet Change ▴% Change
 OA* Orbital ATK* 132.25+22.21+20.18%
 NOC* Northrop Grumman* 275.97+8.94+3.35%
 BAESY BAE Systems 33.96+1.06+3.22%
 CUB Cubic Corp. 45.75+1.40+3.16%
 EGL Engility Holdings, Inc.30.52+0.85+2.86%

Top GovCon Index Daily Net Performers

SymbolCompany$ Current PriceNet Change ▴% Change
 OA* Orbital ATK* 132.25+22.21+20.18%
 NOC* Northrop Grumman*275.97+8.94+3.35%
 BA* Boeing*253.08+4.08+1.64%
 GD* General Dynamics Corp.* 202.18+3.91+1.97%
 HII Huntington Ingalls Industries215.57+3.16+1.49%

Top GovCon Index Daily Percentage Decliners

SymbolCompany$ Current PriceNet Change ▾% Change
 CSRA* CSRA*31.63-0.35-1.09%
 MCK* McKesson Corp.*148.42-1.46-0.97%
 HON* Honeywell Int’l Inc.* 137.67-1.28-0.92%

*Companies Included in S&P500 Index

Video of the Day

Related Articles