September 12 Market Close: GovCon Index Reverses Friday Sharp Decline with Significant Increase

Executive Mosaic’s GovCon Index reversed it’s Friday closing position with a significant advance to 80.727, up 1.13 percent. All thrifty stock in the index advanced.

Fed Governor Lael Brainard addressing The Chicago Council on Global Affairs “counsels prudence in the removal of policy accommodation.”

Markets move to the positive upon chances of a rate hike at the Fed’s next meeting immediately slumped after news of Brainard’s speech broke.

Market Summary

Index	Value	Net Change	% Change
GovCon Index	80.727	+0.905	+1.13%
S&P 500	2, 159.04	+31.23	+1.47%
Dow Jones Industrial Average	18, 325.07	+239.62	+1.32%
NASDAQ	5, 211.89	+85.98	+1.68%

Advancing GovCon Index Issues	30
Declining GovCon Index Issues	0
Unchanged GovCon Index Issues	0

Top GovCon Index Net Performers

Symbol	Company	$ Current Price	Net Change –´	% Change
MCK	McKesson Corp.*	180.47	+4.38	+2.49%
LLL	L-3 Communications*	148.95	+1.94	+1.32%
GD	General Dynamics Corp.*	151.81	+1.90	+1.27%
BA	Boeing*	130.12	+1.59	+1.24%
HON	Honeywell Intern. Inc. *	113.49	+1.48	+1.32%

Top GovCon Index Percentage Performers

Symbol	Company	$ Current Price	Net Change	% Change –´
I	Intelsat	2.83	+0.18	+6.79%
NAV	Navistar Intern.	19.05	+0.56	+3.03%
MCK	McKesson Corp.*	180.47	+4.38	+2.49%
CSRA	CSRA*	26.78	+0.58	+2.21%
LDOS	Leidos Holdings Inc.	42.32	+0.83	+2.00%