Hello, Guest!
  • Wednesday, April 24, 2024

April 13 Market Close: GovCon Index Hits 75 for First Time in 2016 on 1% Surge


GovConIndexUPThe GovCon Index rode across-the-board positive activity in U.S. markets Wednesday with a gain of 1.224 percent to 75.399, which represents the GCI’s first close above 75 points this year so far under its current 30-company composition.

First-quarter earnings from JPMorgan that topped analyst estimates drove the S&P 500 composite index to fully reverse its year-to-date decline, and traders also welcomed data that showed China exports showed an increase in March for the first time in nine months, according to Reuters.

Financial stocks in the S&P 500 posted a 2-percent gain and investors await more financial results from banks this week, Reuters reported.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
I Intelsat 2.81 +0.23 +8.91%
EGL Engility Holdings 18.32 +0.51 +2.86%
NAV Navistar International 12.35 +0.33 +2.75%
GIB CGI Group 48.91 +0.92 +1.92%
MMS Maximus 47.96 +0.82 +1.74%

Market Summary

Advancing GovCon Index Issues 25
Declining GovCon Index Issues 5
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 75.399 +0.912 +1.224%
S&P 500 2, 082.42 +20.70 +1.00%
Dow Jones Industrial Average 17, 908.28 +187.03 +1.06%
NASDAQ 4, 947.42 +75.33 +1.55%

Video of the Day

Related Articles

Senate Confirms Mara Karlin as DOD Strategy Lead Executive Moves

Senate Confirms Mara Karlin as DOD Strategy Lead

Mara Elizabeth Karlin, principal deputy assistant secretary for international security affairs at the Defense Department, was confirmed by the Senate to serve as DOD’s assistant secretary for strategy, plans and capabilties. Senators approved the nomination by voice vote Monday, following a series of congressional events that took place since the White House announced President Joe

Express Scripts to Manage TRICARE Pharmacy Benefits Under $4.3B DHA Contract News

Express Scripts to Manage TRICARE Pharmacy Benefits Under $4.3B DHA Contract

Express Scripts has secured a potential multi-year $4.3 billion contract to help the Defense Health Agency manage pharmacy benefit-related activities across all 50 states; Washington, D.C; Guam; Puerto Rico; and the Virgin Islands. The company will provide management services in support of the TRICARE Pharmacy Benefit Program, which delivers prescription drugs to beneficiaries through mail

DOD Secretary Lloyd Austin Inks Implementation Plan for Electromagnetic Spectrum Strategy News

DOD Secretary Lloyd Austin Inks Implementation Plan for Electromagnetic Spectrum Strategy

Defense Secretary Lloyd Austin has signed a plan designed to guide the military’s implementation activities aimed at ensuring U.S. electromagnetic spectrum advantage and providing warfighters with “freedom of action” in the EMS. The Department of Defense said Thursday its operations in air, land, maritime, space and cyberspace domains rely on EMS and the 2020 Electromagnetic