The GovCon Index set a new record-high Thursday with a gain of 1.134Â points — or 1.543Â percent — to close at 72.346.
All but two stocks on the index recorded increasesÂ in a day that saw the GovCon Index surpass the previous record of 71.722 set on Dec. 26, 2014.
U.S. stocks largely recorded gains Thursday as investors reacted to the European Central Bank’s announcement of a new stimulus plan and positive earnings reports from financial services firms such as KeyCorp and City National, Bloomberg reported.
The Dow Jones Industrial Average rose 1.48Â percent to 17, 813.98, the S&P 5oo composite index gained 1.53Â percent to 2, 063.15Â and the NASDAQ composite index increased 1.78Â percent to 4, 750.40.
Top Percentage Gainers
|Â Company||Â Stock Price||Â $ Change||Â % Change|
|Â Orbital||Â 27.63||Â 1.35||Â 5.14%|
|Â Serco Inc.||Â 2.58||Â 0.083||Â 3.32%|
|Â Â BAE Systems Inc.||Â 31.38||Â 0.955||Â 3.14%|
|Â Â Cubic Corp.||Â 52.29||Â 1.40||Â 2.75%|
|Â Â ATK||Â 128.22||Â 3.40||Â 2.72%|
|Â Advancing Issues||Â 28 (93.33%)|
|Â Declining Issues||Â Â Â 2 (6.66%)|
|Â Unchanged Issues||Â Â 0|
The Executive Mosaic GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.