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%
Serco Inc. has agreed to acquire QinetiQ US for $292 million to expand its engineering, naval and space work for…
The appointment follows the resignation of Jensen Huang, who was reportedly involved in a relationship with an alleged Chinese spy.
Find answers to common questions about the Navy’s drone efforts, including the MUSV program and how industry can participate.
CTC has appointed Dirigo Strategic Managing Director Brian Bontempo and former NSA CIO Hal Smith to its technical advisory board.
The Starbase site will generate its own power, with a tax abatement up for consideration Dec. 9.
Outlook's Shadow UGV can support intelligence missions and mobile communications and operate for 30 to over 45 days.
As defense tech CTO, Mahoney will oversee electro-optical/infrared payloads, radio frequency antennas, sensors and autonomous systems.
GDIT’s Navy IDIQ contract ceiling went up by $56 million to $154.5 million to support consolidation of legacy IT help…
Broadcom Chief Security Strategist Manoj Sharma has urged agencies to continuously monitor identities and endpoints as AI use grows.
Northrop Grumman Senior Director Kate Insley has joined CRDF Global’s board, bringing over 20 years of security policy experience.
Proposals are due Dec. 11, with three to six awards planned.
NRL has issued a solicitation for SESPD III, a potential $130 million spacecraft electronics prototyping IDIQ, with bids due Dec.…
You’ve already read all related articles.
VIDEO 
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.
