The GovCon Index had its three-day streak of gains halted Thursday with a slight decline of 0.302 points to 74.032 that ends the first quarter of 2016 in the negative as many GCI contractors prepare to detail their January-March financial results.
From Dec. 31, the Index has fallen 2.242 percent on volatility in GCI stocks for services-oriented companies with the Index’s technology makers more settled.
Both the S&P 500 composite index — which contains 11 GCI stocks — and the Dow Jones Industrial Average have moved upward for two consecutive quarters while the technology and biotech-heavy Nasdaq composite index posted its worst January-March in seven years.
CNBC reports traders will turn their attention Friday to the monthly unemployment report and new manufacturing data from ISM with a similar production report out of China slated for public release in the overnight hours before U.S. markets open.
Top GovCon Index Gainers
| Symbol | Company | $ Current Price | Net Change | % Change |
|---|---|---|---|---|
| EGL | Engility Holdings | 18.76 | +0.41 | +2.23% |
| SAIC | SAIC | 53.34 | +1.08 | +2.07% |
| VEC | Vectrus | 22.75 | +0.31 | +1.38% |
| LDOS | Leidos Holdings | 50.32 | +0.38 | +0.76% |
| BAH | Booz Allen Hamilton | 30.28 | +0.22 | +0.73% |
Market Summary
| Advancing GovCon Index Issues | 12 |
| Declining GovCon Index Issues | 18 |
| Unchanged GovCon Index Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 74.032 | -0.302 | -0.406% |
| S&P 500 | 2, 059.74 | -4.21 | -0.20% |
| Dow Jones Industrial Average | 17, 685.09 | -31.57 | -0.18% |
| NASDAQ | 4, 869.85 | +0.55 | +0.01% |
