GovCon Index descended into narrow range in a choppy afternoon trading session Thursday and closed at a nominal decline of 0.093 points to 75.306 as U.S. investors paused to gauge markets’ rally over Tuesday and Wednesday.
Financial shares posted a fifth-straight positive day on earnings from banks that exceeded Wall Street’s expectations.
Telecommunications stocks also climbed but all sector gains were offset by losses in materials shares.
Crude oil futures in New York settled down 26 cents to $41.50 a barrel.
Top GovCon Index Gainers
Symbol Company $ Current Price Net Change % Change NAV Navistar International 13.87 +0.41 +3.05% ICFI ICF International 37.10 +0.75 +2.06% CSRA CSRA 26.94 +0.45 +1.70% GIB CGI Group 49.11 +0.63 +1.30% BAESY BAE Systems 28.84 +0.24 +0.86%
* Also listed in the S&P 500 composite index
Market Summary
Advancing GovCon Index Issues 12 Declining GovCon Index Issues 18 Unchanged GovCon Index Issues 0
Index Value Net Change % Change GovCon Index 75.306 -0.093 -0.123% S&P 500 2, 082.78 +0.36 +0.02% Dow Jones Industrial Average 17, 926.43 +18.15 +0.10% NASDAQ 4, 945.89 -1.53 -0.03%
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The GovCon Index descended into narrow range in a choppy afternoon trading session Thursday and closed at a nominal decline of 0.093 points to 75.306 as U.S. investors paused to gauge markets’ rally over Tuesday and Wednesday.
