March 15 Market Close: GovCon Index Up, as Markets React Positively to the Federal Reserve Rate Increase

Executive Mosaic’s GovCon Index closed up on the day as markets responded positively to the Federal Reserve raising the benchmark lending rate.

Not to anybody’s surprise the Federal Reserve raised rates by one quarter point to 1.0 percent, while also giving a strong indication for two additional rate increases later in the year.

Of the thirty stocks that make up the GovCon Index all but two advanced on the day with Navistar (NYSE:NAV) up 5.40 percent and Cubic (NYSE:CUB) up 2.46 percent leading the way.

WTI reversed is downward slid closing up 2.47% to $48.90 per barrel; still off it’s thirty day high of $54.45 (from Feb. 23).

Market Summary

Index	Value	Net Change	% Change
GovCon Index	93.593	+0.71	+0.764%
S&P 500	2,385.26	+19.81	+0.84%
Dow Jones Industrial Average	20,950.10	+112.73	+0.54%
NASDAQ	5,900.05	+43.23	+0.74%

Advancing GovCon Index Issues	28
Declining GovCon Index Issues	2
Unchanged GovCon Index Issues	0

Top GovCon Index Percentage Performers

Symbol	Company	$ Current Price	Net Change –´	% Change
NAV	Navistar	27.32	+1.40	+5.40%
CUB	Cubic Corp.	52.15	+1.25	+2.46%
VEC	Vectrus	22.11	+0.48	+2.22%
LDOS	Leidos Holdings	54.87	+1.19	+2.22%
MANT	ManTech Intern.	36.87	+0.80	+2.22%

Top GovCon Index Net Performers

Symbol	Company	$ Current Price	Net Change	% Change –´
GD	General Dynamics *	191.66	+1.91	+1.01%
CACI	CACI Intern.	125.45	+1.75	+1.41%
OA	Orbital ATK	101.46	+1.40	+1.40%
NAV	Navistar Intern.	27.32	+1.40	+5.40%
LMT	Lockheed Martin *	269.40	+1.40	+0.52%