March 13 Morning Report: Positive February Jobs Data Move GovCon Index and Markets Up

March 13 Morning Report: Positive February Jobs Data Move GovCon Index and Markets Up


Executive Mosaic’s GovCon Index followed markets to close up Friday after the release of strong February employment figures.

The Labor Department™s monthly report showed employers added an above-forecast 235,000 positions in February, with the jobless rate dropping to 4.7 percent. Other strong indicators from the February report were a pickup in wage growth and the share of prime-age Americans in the labor force — all pointing to the high probability of a Fed rate increase at this week’s meeting.

WTI crude remains below the $50 mark closing at $48.39 per barrel off the weekly high of $53.62.

Market Summary

IndexValueNet Change% Change
GovCon Index92.870+0.072+0.078%
S&P 5002,371.25+6.38+0.27%
Dow Jones Industrial Average20,903.19+45.00+0.22%
NASDAQ5,861.73+22.92+0.39%
Advancing GovCon Index Issues22
Declining GovCon Index Issues8
Unchanged GovCon Index Issues0

Top GovCon Index Net Performers

SymbolCompany$ Current PriceNet Change –´% Change
HRSHarriss Corp. *110.62+1.16+1.06%
ACMAECOM36.07+0.96+2.37%
HONHoneywell*127.04+0.85+0.67%
VECVectrus22.36+0.65+2.99%
GIBCGI Group47.21+0.62+1.33%

Top GovCon Index Percentage Performers

SymbolCompany$ Current PriceNet Change% Change –´
VECVectrus22.36+0.65+2.99%
ACMAECOM36.07+0.96+2.73%
NAVNavistar Intern.26.00+0.39+1.52%
EGLEngility Holdings28.87+0.43+1.51%
MANTManTech Intern.35.82+0.49+1.39%

GovCon Index Decliners

SymbolCompany$ Current PriceNet Change –¾% Change
HIIHuntington Ingalls211.70-2.00-0.94%
BABoeing*178.70-1.87-1.04%
MCKMcKesson Corp.*147.67-1.80-1.20%

*Companies Included in S&P500 Index

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