Hello, Guest!
  • Tuesday, May 7, 2024

July 6th Market Close: GovConIndex Closes Down And Major Indices Close Down


All market indicators were down today.

The Executive Mosaic GovCon Index (GCI) closed down almost one per cent after three consecutive days of gains. The Index was negative 0.981 per cent closing at 95.395. Twenty-nine of the thirty stocks that make up the Index closed down.

All the major indices closed in the negative today. At the close the S&P500 index fell 0.93 percent, while the DJIA index fell 0.74 percent, and the NASDAQ  composite fell 1.00 percent.

WTI crude oil reversed it sharp drop yesterday to close in the positive. WTI on the NY Mercantile Exchange traded north of $46.00 for part of the day but settled back to $45.31 per barrel up 0.40 per cent on the day.

 

Market Summary

INDEX SETTLEMENT VALUE DAY NET CHANGE DAY % CHANGE   Y-T-D NET CHANGE Y-T-D % CHANGE
GovCon Index  95.395 -0.819 -0.981% +7.418 +8.43%
S&P 500 2,409.75 -22.74 -0.93% +158.18 +7.03%
Dow Jones Industrial Average 21,320.04 -157.99 -0.74% +1,447.18 +7.28%
NASDAQ  6,089.46 -61.39 -1.00% +663.84 +12.24%
Advancing GovCon Index Issues 1
Declining GovCon Index Issues 29
Unchanged GovCon Index Issues 0

Top GovCon Index Daily Percentage Decliners

Symbol Company $ Current Price Net Change ▴ % Change
 EGL  Engility Holdings, Inc.  28.19 -0.67 -2.32%
 LDOS  Leidos Holdings, Inc.  51.19 -1.17 -2.23%
 CUB  Cubic Corp.  46.00 -0.95 -2.02%
 MMS  Maximus, Inc.  60.93 -1.24 -1.99%
 CSRA*  CSRA*  31.34  -0.59  -1.85%

*Companies Included in S&P500 Index

Video of the Day

Related Articles

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week Financial Reports

GovCon Index Averted a Weekly Loss Amid Wall Street’s Worst Week

Executive Mosaic’s GovCon Index advanced 1.08% before the weekend and averted a third consecutive losing week. The index, which tracks the stock performances of 30 major government contractors, ended at $4,786.97 for a 0.13% week-on-week gain. Wall Street concluded the week with a tech sell-off, and only the Dow Jones Industrial Average (+0.01%) yielded a gain.

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024 Financial Reports

GovCon Index Posted 2 Consecutive Week-on-Week Loss for the 1st Time in 2024

Executive Mosaic’s GovCon Index ended the week with a 2.36% loss following the 0.8% drop Friday to $4,780.55. The index, which tracks the stock performances of 30 major government contractors, has fallen 3.04% since the start of April. Wall Street saw a broad market selloff due to the escalating conflict between Iran and Israel. All the major

GovCon Index, Major US Indexes Ended With Losses on Weak April Start Financial Reports

GovCon Index, Major US Indexes Ended With Losses on Weak April Start

Executive Mosaic’s GovCon Index rose 0.46% to $4,896.02 Friday as 22 of its constituents advanced. However, the index, which tracks the stock performances of 30 major government contractors, still ended 1.35% lower week-on-week due to the weak start in April. Wall Street’s major indexes closed the week with losses despite bouncing back from their slump.