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March 16 Market Close: GovCon Index Down, With Mixed Market Closings

March 16 Market Close: GovCon Index Down, With Mixed Market Closings

    Author: David Smith || Date Published: March 16, 2017


    Executive Mosaic’s GovCon Index closed down on the day as markets were mixed.

    After the Federal Reserve raised rates by one quarter point yesterday the markets responded with modest losses on the S&P500 and DJIA and a nominal gain on the NASDAQ. Treasury yields moved higher and the dollar lower.

    GovCon Index declines outpaced advances by 2 to 1 with Vectrus (NYSE: VEC) up 3.53 percent and Cubic Corp. (NYSE: CUB) up 1.92 percent, leading the positive shares. .

    WTI headed negative today after a positive move yesterday. Crude Oil closed at $48.79 per barrel down 0.14 percent.

    Market Summary

    IndexValueNet Change% Change
    GovCon Index93.104-0.490-0.524%
    S&P 5002,381.38-3.88-0.16%
    Dow Jones Industrial Average20,934.55-15.56-0.07%
    NASDAQ5,900.76+0.71+0.01%
    Advancing GovCon Index Issues9
    Declining GovCon Index Issues21
    Unchanged GovCon Index Issues0

    Top GovCon Index Net Performers

    SymbolCompany$ Current PriceNet Change –´% Change
    CUBCubic Corp.53.15+1.00+1.92%
    VECVectrus22.89+0.78+3.53%
    MCKMcKesson Corp. *148.83+0.57+0.38%
    COLRockwell Collins98.31+0.42+0.43%
    EGLEngility Holdings30.42+0.30+1.00%

    Top GovCon Index Percentage Performers

    SymbolCompany$ Current PriceNet Change% Change –´
    VECVectrus22.89+0.78+3.35%
    CUBCubic Corp.53.15+1.00+1.92%
    EGLEngility Holdings30.42+0.30+1.00%
    BAESYBAE Systems32.20+0.24+0.75%
    NAVNavistar Intern.27.46+0.14+0.51%

    GovCon Index Decliners

    SymbolCompany$ Current PriceNet Change –¾% Change
    NOCNorthrop Grumman *240.28-3.56-1.46%
    LLLL3 Technologies *167.87-2.50-1.47%
    LMTLockheed Martin *97.94-1.36-1.37%

    *Companies Included in S&P500 Index

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