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  • Sunday, April 28, 2024

September 21 Market Close: GovCon Index Up, US Stocks Steady as Post-Fed Decision Week Starts


GovConIndexUPThe GovCon Index kicked off the first full week of trading since the Federal Reserve‘s Thursday decision to hold interest rates with a decline of 0.098 points to 72.354 on a light-volume day in U.S. markets.

Biotechnology stocks dragged U.S. stocks up until the 1 p.m. Eastern time hour then all three major indices featured choppy activity up until the 4 p.m. close, according to the Wall Street Journal.

Healthcare stocks also declined Monday and traders are anticipating the next earnings season as a milestone to determine the U.S. and global economy’s strength, the Journal reported.

Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting companies.

Top GovCon Index Gainers

Company$ Current Price$ Change% Change ▴
Serco Group plc1.75+0.13+7.89%
CGI Group36.90+0.71+1.96%
CACI International76.67+1.28+1.70%
L-3 Communications107.94+1.05+0.98%
AECOM27.49+0.25+0.92%

Market Summary

Advancing Issues19
Declining Issues11
Unchanged Issues0
IndexValueNet Change% Change
GovCon Index72.354+0.098+0.136%
S&P 5001, 966.97+8.94+0.46%
Dow Jones Industrial Average16, 510.19+125.61+0.77%
NASDAQ4, 828.95+1.73+0.04%

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