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October 5 Morning Report: GovCon Index Jumps on Oil Price Rise


GovConIndexUPThe GovCon Index closed 70.664 at the end of Friday trading, recovering with a gain of 0.689 points.

The U.S. stock market suffered an initial drop following the release of a Labor low jobs growth report but a jump in crude oil prices put the figures back on positive territory, the Wall Street Journal reported.

The Dow Industrial Average advanced 200.36 points (1.2%) to 16472.37,  Standard & Poor’s 500 rose 27.54 points (1.4%) to 1951.36 and Nasdaq Composite Index recorded 80.69 points, a 1.7% increase to 4707.78.

Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting companies.

Top GovCon Index Gainers

Company$ Current Price$ Change% Change
Health Net61.58+1.81+3.03%
Intelsat6.57+0.15+2.34%
AECOM27.91+0.60+2.20%
CGI Group36.76+0.79+2.20%
Honeywell International96.54+1.83+1.93%

Market Summary

Advancing Issues25
Declining Issues5
Unchanged Issues1
IndexValueNet Change% Change
GovCon Index70.664+0.689+0.985%
S&P 5001, 951.35+27.53+1.43%
Dow Jones Industrial Average16, 472.37+200.36+1.23%
NASDAQ4, 707.77+80.69+1.74%

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