The GovCon Index recovered some ground from a three-day stretch of losses Thursday with a gain of 0.868 pointsÂ — or 1.191%Â percentÂ — to close atÂ 72.081.
Boeing (NYSE: BA) was the index’s largest gainer at 5.8Â percentÂ or a second straight day and Northrop Grumman‘s (NYSE: NOC) stock jumped 2.16Â percentÂ after the company said profit and revenue increased in itsÂ fourth quarter.
ATK (NYSE: ATK) also saw its stock price grow after the companyÂ reported higher third-quarterÂ revenue and profit for its aerospace and defense groups in the company’s finalÂ earnings release before those groups merge with Orbital Sciences (NYSE: ORB).
Data from the Labor Department that showed a drop in jobless claims last week and gains by blue-chip stocks helped to drive U.S. stocks up, CNBC reported.
The Dow Jones Industrial AverageÂ increased 1.31 percent to 17, 416.85, the S&P 500 composite rose 19.09 points to 2, 021.25Â and the NASDAQ composite index gained 0.98 percent to 4, 683.41.
Top Percentage Gainers
|Â Company||Â Stock Price||Â $ Change||Â % Change|
|Â Boeing||Â Â 147.78||Â Â 8.14||Â Â 5.83%|
|Â Â ATK||Â Â 132.71||Â Â 5.04||Â Â 3.95%|
|Â Â Northrop Grumman||Â Â 157.93||Â Â 5.77||Â Â 3.79%|
|Â Â Cubic Corp.||Â Â 52.97||Â Â 1.50||Â Â 2.91%|
|Â Â Navistar||Â Â 30.34||Â Â 0.84||Â Â 2.85%|
|Â Advancing Issues||Â Â 18 (60.00%)|
|Â Declining Issues||Â Â 12Â (40.00%)|
|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.