February 2 Market Close: GovCon Index, US Stocks Rise on Oil Surge and Greece News

GovConIndexUPThe 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
  Serco Inc.   2.505   0.207   9.01%
  Engility Holdings   41.77   1.87   4.69%
  AECOM Technology   26.40   0.98   3.86%
  Raytheon   103.38   3.33   3.33%
  General Dynamics   136.12   2.91   2.18%

Market Summary

  Advancing Issues   25 (70.00%)
  Declining Issues     5 (30.00%)
  Unchanged Issues     0

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

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