January 16 Market Close: GovCon Index Ends Week With Increase, Oil Jumps 5%

GovConIndexUP

The GovCon Index ended the trading week with a gain of 0.711 points — or 0.990 percent — to close at 71.121 on Friday.

Energy stocks recovered ground as the price of crude oil increased 4.71 percent on the New York Mercantile Exchange to close at $48.43 and the ratio of gainers-to-laggers on the New York Stock Exchange was nearly three-to-one, CNBC reports.

The Dow Jones Industrial Average jumped 1.10 percent to 17, 511.57; the S&P 500 composite index gained 1.34 percent to 2, 019.42; and the NASDAQ composite index rose 1.39 percent to 4, 634.38.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  AECOM Technology   25.80   0.88   3.53%
  ManTech International   31.52   0.88   2.87%
  Engility Holdings   42.82   1.13   2.71%
  CGI Group   38.94   0.95   2.50%
  Navistar   31.64   0.74   2.39%

Market Summary

  Advancing Issues   27 (90.00%)
  Declining Issues     3 (10.00%)
  Unchanged Issues     0

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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