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|
|Advancing Issues||27 (90.00%)|
|Declining Issues||3 (10.00%)|
The Executive Mosaic GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.