The GovCon Index reached the 70-point barrier for the first time in eight trading days with an increase of 2.446 percent — or 1.761 points — to close at 70.214 on Thursday.
Only one company in the index recorded a loss and the remaining 29 all saw increases in a day that saw the S&P 500 composite indexÂ make its biggest one-day climb since November 2011 and the Dow Jones Industrial Average set a new three-year high for a single-day increase.
The Dow increased 2.4 percent — or 421.28 points — to 17, 778.15, the S&P 500 jumped 2.4 percent to 2, 061.23 and the NASDAQ composite index
Investors reacted to the Federal Reserve’s disclosure that it would be patient on a rate increase and data that showed aÂ rise in payrolls during November, according to Bloomberg.
Top Percentage Gainers
|Â Company||Â Stock Price||Â $ Change||Â % Change|
|Â Navistar||Â 32.21||Â 1.87||Â 6.16%|
|Â Healthnet||Â 54.34||Â 2.56||Â 4.94%|
|Â Orbital||Â 24.98||Â 1.03||Â 4.30%|
|Â Serco Inc.||Â 2.56||Â 0.0935||Â 3.79%|
|Â Lockheed Martin||Â 191.64||Â 6.49||Â 3.51%|
The Executive Mosaic GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.