The GovCon IndexÂ continued itsÂ week of gains into a third straight day as it closed at 70.507 — a 0.35 percent increase from Tuesday.
Cubic Corp. (NYSE: CUB) was the largest gainer for the Index as the company said in its earnings release it set a new quarterly revenue record.
Reuters cited technology stocks as drivers of increases across the stock market and energy shares as a pressure on the market as oil prices continued to fall.
October saw an increase in U.S. consumer spending and consumer confidence has reached its highest level within the past seven-and-a-half years, according to Reuters.
The Dow Jones Industrial Average increased 0.07 percent to 17, 827.25, the S&P 500 composite indexÂ climbed 0.28 percent to 2, 072.83 and the NASDAQ composite index rose 0.61 percent to 4, 787.32.
Top Percentage Gainers
|Company||Stock Price||$ Change||% Change|
|Â Cubic Corp.||Â 50.92||Â $3.85||Â 8.18%|
|Â ICF International||Â 39.52||Â $1.01||Â 2.62%|
|Â CACI International||Â 88.44||Â $1.11||Â 1.27%|
|Â Booz Allen Hamilton||Â 26.65||Â $0.20||Â 0.76%|
|Â BAE Systems Inc.||Â 29.98||Â $0.20||Â 0.67%|
|Advancing Issues||17Â (56.66%)|
|Declining Issues||12 (30.00%)|
|Unchanged Issues||1Â (0.03%)|
The Executive Mosaic GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.