Hello, Guest!
  • Monday, May 6, 2024

December 11 Market Close: GovCon Index Rebounds, Retail Sales Report Drives Stocks Up


GovConIndexThe GovCon Index regained some ground Thursday with an increase of  0.379 percent — or 0.264 points — to close at 69.478.

Stocks recovered some losses from the week after the release of data on an increase in consumer spending during the month of November and a report that indicates fewer Americans applied for first-time jobless benefits that month last week,  according to the Wall Street Journal.

The Dow Jones Industrial Average increased 63.19 points to 17, 596.34, the S&P 500 composite index climbed 8.17 points to 2, 034.31 and the NASDAQ composite index rose 21.03 points to 4, 705.06.

Top Percentage Gainers

Company Stock Price $ Change % Change
 Healthnet 51.61 1.48 2.95%
 SAIC 52.13 1.07 2.10%
 Harris Corp. 70.61 0.94 1.35%
 Navistar 36.79 0.38 1.04%
Exelis 16.96 0.16  0.95%

Market Summary

Advancing Issues  21 (70.0%)
Declining Issues  8 (26.67%)
Unchanged Issues  1 (3.33%)

The Executive Mosaic GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.

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.