December 18 Market Close: GovCon Index Soars 2%, Scales 70-Point Mark

GovConIndexThe 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 index 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 a rise in payrolls during November, according to Bloomberg.

Top Percentage Gainers

 Company  Stock Price  $ Change  % Change
 Navistar  32.21  1.87  6.16%
 Healthnet  54.34  2.56  4.94%
 Orbital  24.98  1.03  4.30%
 Serco Inc.  2.56  0.0935  3.79%
 Lockheed Martin  191.64  6.49  3.51%

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

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