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  • Saturday, April 27, 2024

August 3 Market Close: GovCon Index Closes Down as Crude Oil Hits Six-Month Low


GovConIndexDOWNThe GovCon Index ended Monday trading day down 0.075 points to close at 76.189.

Crude oil hit a six month low with Brent oil falling below $50 as energy stock feel the pain, according to Bloomberg.

The Dow Jones Industrial Average declined 91.66 points to 17, 598.20, the S&P 500 composite index lost 5.80 points to 2, 098.04 and the NASDAQ composite index closed down 12.9 points to 5, 115.38.

The top GovCon Index market gainer was Intelsat (NYSE: I), up 1.53 points to close at $11.04 on its quarterly earnings report of 70 cents per share, which beat Wall Street estimates by 32 cents.

Percentage Gainers

Company$ Current Price$ Change% Change ▴
Intelsat11.04+1.53+16.09%
Health Net Inc.67.95+1.09+1.63%
McKesson Corporation223.48+2.91+1.32%

Market Summary

  Advancing Issues     8 (26.67%)
  Declining Issues   22 (73.33%)
  Unchanged Issues     0

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

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