The GovCon Index started the week of Christmas with a gain of 0.903 points — or 1.250 percent — to close at 71.280 on Monday.
All 30 companies on the GovCon Index recorded gains in a day that saw the index extend its streak of gains to a fourth consecutive trading day.
An increase in technology stocks drove the S&P 500 composite index to a new record and equities continued to rise after Federal Reserve Chair Janet Yellen’s comment that the central bank will not immediately increase interest rates, according to Bloomberg.
The S&P 500 climbed 7.89 points to close at 2, 078.54, the Dow Jones Industrial Average climbed 154.64 points to close at 17, 959.44 and the NASDAQ composite index gained 16.04 points to close at 4, 781.42.
Top Percentage Gainers
|Company||Stock Price||$ Change||% Change|
The Executive Mosaic GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.