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October 16 End of Day Report: GovCon Index Holds Level With Market

GovConIndexThe GovCon Index entered the final hour of Wednesday trading at 62.696 — a nominal increase of 0.44 percent, or 0.28 points from Tuesday’s figures.

Gainers led laggers 18-to-12 and Orbital Sciences (NYSE: ORB) recorded the largest increase at 6 percent after the company announced a 5-percent revenue jump for its third fiscal quarter.

That percentage change was in line with those of the other three major stock indices as the Dow recorded a 0.26-percent decline, the S&P 500 was up 0.26 percent and the NASDAQ had a 0.20-percent jump.

Investors responded to some positive earnings reports from some large companies and data that shows U.S. industrial production rose during September.

The Executive Mosaic GovConIndex is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) Companies.

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