January 7 Market Close: GovCon Index Reverses Downward Trend

GovConIndexUPThe GovConIndex reversed it’s downward trend closing Wednesday at 70.036, up 0.973 points, or 1.371 percent.

The other indexes closed strong also with the Dow Jones industrial average at 17, 584.52, up 1.23 percent, The Nasdaq composite index 4, 650.47 up 1.26 percent, and the Standard & Poor’s 500 at 2, 025.90, an increase of 1.16 percent.

Markets rallied on positive U.S. labor and trade deficit news, furthered by Germany showing flexibility on its stance towards Greece’s debt relief, according to Bloomberg.

The Executive Mosaic GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.

Top Percentage Gainers

CompanyStock Price$ Change% Change
ManTech Intern.30.83 +1.15 +3.87%
Northrop Grumann 148.70 +4.54 +3.15%
McKesson 214.75 +6.33 +3.04%
Booz Allen Hamilton26.86 +0.60 +2.28%
AECOM 29.32 +0.59 +2.05%

Market Summary

Advancing Issues27 (90.00%)
Declining Issues3 (10.00%)
Unchanged Issues0

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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