Executive Mosaic’s GovCon Index ended lower at $4,555.55 (-1.17%) after another volatile day for U.S. stocks. Wall Street’s major indexes posted their third consecutive losing session due to tariff chaos. The Dow Jones Industrial Average (-1.17%) gave up 478.23 points, while the S&P (-0.76%) is close to touching correction territory.
The Dow Jones had 24 losers of 30 blue-chip stocks. Boeing (NYSE: BA) was the top performer with +3.99%. Airline stocks tumbled, although Southwest Airlines (NYSE: LUV) popped +8.34% after announcing a new perk for basic economy passengers. Super Micro Computer (Nasdaq: SMCI) gained +10.7% following the “buy” rating from Rosenblatt Securities’ analysts.
Market rout
Only eight GovCon Index stocks, led by Boeing, escaped the market rout. Last week’s standout performers, Science Applications International Corporation (Nasdaq: SAIC) and CACI (NYSE: CACI), were the worst performers among 22 decliners.
Boeing outperformed on news of improved deliveries. On Tuesday, the company reported 44 aircraft deliveries in February for a total of 89 in the first two months of 2025. Total deliveries in the same period last year were only 54. Moreover, Boeing surpassed its rival Airbus, which delivered 40 planes last month and 65 in two months. As of Feb. 28, the total backlog is 5,528 planes.
Curtiss-Wright (NYSE: CW) announced that the Naval Air Systems Command awarded its Defense Solutions Division an approximately $50 million firm-fixed-price indefinite delivery, indefinite quantity (IDIQ) contract. The IDIQ contract will provide high-speed data acquisition systems hardware and associated repair services to support the Naval Air Systems Command Special Flight Test Instrumentation Pool.
Twin headwinds
Trade policy and economic uncertainties caused Tuesday’s market rout. U.S. President Donald Trump raised the tariff on Canadian steel and aluminum imports to 50% from 25% in retaliation to the surcharge on electricity exported to America by Ontario Premier Doug Ford. However, White House trade adviser Peter Navarro said in the afternoon that duties will remain at 25%.
Market Summary
| Index | Price | Net Change | % Change |
|---|---|---|---|
| GovCon Index Daily Average | 4,555.55 | -53.40 | -1.17% |
| Dow Jones Industrial Average | 41,433.48 | -478.23 | -1.14% |
| NASDAQ | 17,436.10 | -32.22 | -0.18% |
Top 5 GovCon Index Daily Percentage Performers
| Symbol | Price | Net Change | % Change |
|---|---|---|---|
| BA | 154.06 | 5.91 | 3.99% |
| FLR | 35.6 | 1.31 | 3.82% |
| CG | 41.07 | 1.04 | 2.60% |
| PLTR | 78.05 | 1.67 | 2.19% |
| CW | 311.04 | 6.22 | 2.04% |
Top 5 GovCon Index Daily Net Performers
| Symbol | Price | Net Change | % Change |
|---|---|---|---|
| CW | 311.04 | 6.22 | 2.04% |
| BA | 154.06 | 5.91 | 3.99% |
| PLTR | 78.05 | 1.67 | 2.19% |
| FLR | 35.6 | 1.31 | 3.82% |
| CG | 41.07 | 1.04 | 2.60% |
Top 5 GovCon Index Daily Percentage Decliners
| Symbol | Price | Net Change | % Change |
|---|---|---|---|
| SAIC | 106.19 | -5.32 | -4.77% |
| CACI | 366.94 | -11.83 | -3.12% |
| GD | 264.12 | -7.82 | -2.88% |
| LHX | 212.33 | -5.52 | -2.53% |
| HON | 208.59 | -5.23 | -2.45% |
