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

Index	Value	Net Change	% Change
GovCon Index	93.282	-0.010	-0.011%
S&P 500	2,394.44	-5.19	-o.22%
Dow Jones Industrial Average	20,919.42	-23.69	-0.11%
NASDAQ	6,115.96	-13.18	-0.22%

Advancing GovCon Index Issues	14
Declining GovCon Index Issues	16
Unchanged GovCon Index Issues	0

Top GovCon Index Percentage Performers

Symbol	Company	$ Current Price	Net Change –´	% Change
TXT	Textron *	48.57	+1.69	+3.60%
MCK	McKesson Corp. *	145.70	+2.47	+1.72%
OA	Orbital ATK	99.43	+1.34	+1.37%
LDOS	Leidos Holdings	52.70	+0.27	+0.51%
MMS	Maximus	63.47	+0.28	+0.44%

Top GovCon Index Net Performers

Symbol	Company	$ Current Price	Net Change –´	% Change
MCK	McKesson Corp. *	145.70	+2.47	+1.72%
TXT	Textron *	48.57	+1.69	+3.60%
OA	Orbital ATK	99.43	+1.34	+1.37%
BA	Boeing *	183.94	+0.76	+0.41%
GD	General Dynamics *	194.98	+0.59	+0.30%