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  • Thursday, April 25, 2024

October 7 Market Close: GovCon Index Rebounds, US Stocks Ride Healthcare Recovery


GovConIndexUPThe GovCon Index bounced back from its previous day decline with a gain of 1.415 percent to close at 72.824 Tuesday on a choppy trading day for U.S. markets.

The three major stock indices rose at least one percent before 10:30 a.m. Eastern time before a sharp decline in the late morning portion of the day.

Stocks turned into positive territory after 12:30 p.m. and the three major indices are out of correction territory, or 10 percent of their 52-week highs.

Healthcare stocks were the S&P 500’s largest advancer and led that index to within less than 5 points of the 2, 000 mark, according to CNBC.

Market Summary

Advancing Issues28
Declining Issues2
Unchanged Issues0
IndexValueNet Change% Change
GovCon Index72.824+1.016+1.415%
S&P 5001, 995.83+15.91+0.80%
Dow Jones Industrial Average16, 912.29+122.10+0.73%
NASDAQ4, 791.15+42.79+0.90%

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