The GovCon Index rose in tandem with the larger U.S. stock market to record a gain of 0.766 points — or 1.059 percent — and close at 71.501 on February 2015’s first trading day.
U.S. crude oil ended the day at its highest price in almost a month — $49.57 per barrel — and Greece’s new majority party in government started to roll back some austerity measures, according to CNBC.
News that the ISM manufacturing index number for January 2015 was the lowest figure since January 2014 held stocks back for most of the day, CNBC reported.
The Dow Jones Industrial Average rose 1.14 percent to 17, 361.04, the S&P 500 composite index surged 1.3 percent to 2, 020.85 and the NASDAQ composite index gained 41.45 points — or 0.89 percent — to 4, 676.69.
Top Percentage Gainers
|Company||Stock Price||$ Change||% Change|
|Advancing Issues||25 (70.00%)|
|Declining Issues||5 (30.00%)|
Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.