The GovCon Index continued its pace of upward movement into a third consecutive day with a climb of 1.058Â percent to 78.724Â Wednesday as U.S. investors examined the Federal Reserve‘s October meeting minutes.
Investors gained more clarity that the central bank will raise interest rates at its December meeting and all three major U.S. stock indices spiked to session highs after the October minutes went public, according to CNBC.
Markets also reacted to news of an overnight police raid in Paris that reportedly targeted the suspected ringleader of Friday’s attacks in the French capital, CNBC reported.
Top GovCon Index Gainers
| Symbol | Company | $ Current Price | Net Change | % Change |
|---|---|---|---|---|
| NAV | Navistar International | 13.26 | +1.02 | +8.33% |
| SAIC | SAIC | 47.28 | +1.24 | +2.70% |
| MMS | Maximus | 52.65 | +1.32 | +2.57% |
| ACM | AECOM | 31.11 | +0.75 | +2.47% |
| MCK | McKesson Corp. | 189.27 | +3.79 | +2.04% |
Market Summary
| Advancing Issues | 27 |
| Declining Issues | 3 |
| Unchanged Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 78.724 | +0.824 | +1.058% |
| S&P 500 | 2, 083.56 | +33.12 | +1.62% |
| Dow Jones Industrial Average | 17, 737.16 | +247.66 | +1.42% |
| NASDAQ | 5, 075.20 | +89.19 | +1.79% |
