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February 12 Market Close: GovCon Index Surges as Oil Price Jumps

GovConIndexUPThe GovCon Index made a gain for a third consecutive trading day as it rose 0.69 points — or 0.986 percent — to 69.272 on Thursday.

All but one company on the index saw their stock prices increase.

An agreement between Russia and Ukraine on a ceasefire and a 4.9-percent jump in crude oil futures to $51.21 per barrel helped drive gains in the U.S. stock market Thursday, according to CNBC.

The Dow Jones Industrial Average rose 110.24 points to 17, 972.38, the S&P 500 composite index gained 19.94 points to 2, 088.47 and the NASDAQ composite index jumped 56.43 points — or 1.18 percent — to 4, 857.61.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  SAIC   53.22   2.19   4.29%
  CSC   64.50   2.36   3.80%
  Booz Allen Hamilton   29.98   0.82   2.81%
  Leidos Holdings   43.81   1.15   2.70%
  BAE Systems Inc.   32.72   0.81   2.54%

Market Summary

  Advancing Issues   29 (96.66%)
  Declining Issues     1  (3.33%)
  Unchanged Issues     0

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

(Editors note: Orbital ATK and Huntington Ingalls joined the Index Feb. 10)

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