The GovCon IndexÂ gained some ground Tuesday from the previous day’sÂ loss with an increase of 0.387 percent –Â or 0.273Â pointsÂ –Â to close at 70.263.
Biotechnology and energy companies were the major drivers of activity on the major stock markets and investors also drew confidence in data that showed growth in construction spending during October, according to Bloomberg.
Traders will next keep their eyes on the government’s next labor report this week and are watching for potential moves by the central banks in Europe and China, Bloomberg reports in itsÂ market summary.
The Dow Jones Industrial Average gainedÂ 0.58 percent to close at 17, 879.55, the S&P 500 roseÂ 0.61 percent to close at 2, 065.97Â and the NASDAQ composite index increased 0.57 percent to close atÂ 4, 754.39.
Top Percentage Gainers
|Company||Stock Price||$ Change||% Change|
|Â AECOM Technology||Â 30.55||Â 0.89||Â 3.00%|
|Â ICF International||Â 39.84||Â 1.13||Â 2.92%|
|Â ManTech International||Â 30.16||Â 0.63||Â 2.13%|
|Â Cubic Corp.||Â 53.94||Â 1.10||Â 2.08%|
|Â Maximus||Â 53.53||Â 0.85||Â 1.61%|
|Advancing Issues||18Â (60.00%)|
|Declining Issues||12Â (40.00%)|
|Unchanged Issues||0Â (0.00%)|
The Executive Mosaic GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.