December 2 Market Close: GovCon Index Rebounds as Biotech, Energy Shares Drive Market

GovConIndexThe GovCon Index gained some ground Tuesday from the previous day’s loss with an increase of 0.387 percent – or 0.273 points – 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 its market summary.

The Dow Jones Industrial Average gained 0.58 percent to close at 17, 879.55, the S&P 500 rose 0.61 percent to close at 2, 065.97 and the NASDAQ composite index increased 0.57 percent to close at 4, 754.39.

Top Percentage Gainers

Company Stock Price $ Change % Change
 AECOM Technology  30.55  0.89  3.00%
 ICF International  39.84  1.13  2.92%
 ManTech International  30.16  0.63  2.13%
 Cubic Corp.  53.94  1.10  2.08%
 Maximus  53.53  0.85  1.61%

Market Summary

Advancing Issues 18 (60.00%)
Declining Issues 12 (40.00%)
Unchanged Issues 0 (0.00%)

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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