The GovCon Index climbed significantly today closing at 72.232 up 1.114 percent, pulling itself out of correction.
All three markets — the Dow Jones Industrial, S&P 500 and the Nasdaq Composite — all showed robust gains approaching 1.50 percent, with WTI crude oil closing up 6.21 percent to $31.48.
As reported by CNBC, Honeywell (NYSE:HON) and United Technologies Corp. (NYSE: UTX) have held talks about the possibility of a merger that would form a $94 billion organization.
Top GovCon Index Gainers
| Symbol | Company | $ Current Price | Net Change | % Change |
|---|---|---|---|---|
| NAV | Navistar | 8.66 | +0.85 | +10.88% |
| SAIC | SAIC | 44.32 | +1.29 | +3.00% |
| ACM | AECOM | 26.77 | +0.71 | +2.72% |
| TXT | Textron Inc.* | 34.16 | +0.88 | +2.64% |
| EGL | Engility Holdings | 13.76 | +0.35 | +2.61% |
*Also listed in the S&P 500 composite index
Market Summary
| Advancing GovCon Index Issues | Â 25 |
| Declining GovCon Index Issues | 5 |
| Unchanged GovCon Index Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 72.232 | +0.796 | +1.114% |
| S&P 500 | 1, 945.50 | +27.72 | +1.45% |
| Dow Jones Industrial Average | 16, 620.66 | +228.67 | +1.40% |
| NASDAQ | 4, 570.61 | +66.18 | +1.47% |
