September 26 Morning Report: GovCon Index Registers Weekly Gain on Fed’s Interest Rate Decision

September 26 Morning Report: GovCon Index Registers Weekly Gain on Fed’s Interest Rate Decision


GovConIndexDOWNExecutive Mosaic’s GovCon Index closed Friday with a decline of 0.495 percent to 81.375 but posted a weekly gain of 2.57 percent after the Federal Reserve decision Wednesday to maintain current interest rates.

The GCI’s S&P 500-listed companies and other large defense contractors helped drive gains, with Northrop Grumman (NYSE: NOC) as the top net performer Friday both in the Index and among co-listed stocks.

Navistar International (NYSE: NAV), Engility Corp. (NYSE: EGL), Science Applications International Corp. (NYSE: SAIC), CACI International (NYSE: CACI) and ManTech International (Nasdaq: MANT) were the top five percentage gainers for the week.

Market Summary

IndexValueNet Change% Change
GovCon Index81.375-0.405-0.495%
S&P 5002, 164.57-14.49-0.57%
Dow Jones Industrial Average18, 261.45-131.01-0.71%
NASDAQ5, 305.75-33.78-0.63%
Advancing GovCon Index Issues5
Declining GovCon Index Issues24
Unchanged GovCon Index Issues1

Lowest GovCon Index Net Performers

SymbolCompany$ Current PriceNet Change –¾% Change
CACICACI International101.73-1.43-1.39%
GDGeneral Dynamics*153.81-1.05-0.68%
MCKMcKesson Corp.*167.08-1.04-0.62%
SAICSAIC69.72-0.90-1.27%
RTNRaytheon*138.58-0.89-0.64%

Lowest GovCon Index Percentage Performers

SymbolCompany$ Current PriceNet Change% Change –¾
BAESYBAE Systems27.26-0.84-3.01%
KBRKBR14.40-0.42-2.83%
MANTManTech International40.29-0.75-1.83%
NAVNavistar International21.79-0.39-1.76%
CACICACI International101.73-1.43-1.39%

Top GovCon Index Net Performers

SymbolCompany$ Current PriceNet Change –´% Change
NOCNorthrop Grumman*217.05+0.56+0.26%
EGLEngility Holdings32.12+0.28+0.88%
HRSHarris Corp.*90.88+0.07+0.08%
CAECAE14.42+0.06+0.42%
VECVectrus28.69+0.04+0.14%

Top GovCon Index Percentage Performers

SymbolCompany$ Current PriceNet Change% Change –´
EGLEngility Holdings32.12+0.28+0.88%
CAECAE14.42+0.06+0.42%
NOCNorthrop Grumman*217.05+0.56+0.26%
VECVectrus28.69+0.04+0.14%
HRSHarris Corp.*90.88+0.07+0.08%

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