The GovCon Index recorded a 50-50 split of gainers and laggers Tuesday to reach a nominal gain of 0.237 points — or 0.170 percent — to close at 71.291.
A reduction in the International Monetary Fund’s worldwide growth forecasts for 2015 and 2016 was balanced by technology sector gains willingness among investors to hold back from more aggressive moves until the European Central Bank’s meeting Thursday, according to the Wall Street Journal.
The Dow Jones Industrial Average inched up 36.66 points to 17, 515.23, the S&P 500 composite index gained 3.12 points to 2, 022.54 and the NASDAQ composite index increased 20.46 points to 4, 654.85.
Top Percentage Gainers
|Company||Stock Price||$ Change||% Change|
|BAE Systems Inc.||29.905||0.405||1.37%|
|Advancing Issues||15 (50.00%)|
|Declining Issues||15 (50.00%)|
The Executive Mosaic GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.