February 20 Market Close: GovCon Index Rises as Greece, Creditors Strike 4-Month Deal

GovConIndexUPThe GovCon Index recorded an eight-consecutive day in positive territory Friday as it gained 0.757 points — or 1.056 percent — to close at 70.937.

Index company Huntington Ingalls (NYSE: HII), the Virginia-based shipbuilder, saw its stock jump ____ percent after it reported a 2-percent increase in revenue for its full 2014 fiscal year.

U.S. stocks moved up after news surfaced that Eurozone finance leaders approved a four-month extension of Greece’s bailout pending a Monday report from Athens on reform and budgetary measures,  according to the Wall Street Journal.

Greece had sought a six-month extension and the new deal will be assessed by the European Commission, the European Central Bank and the International Monetary Fund by April, the Journal reported.

The Dow Jones Industrial Average rose 154.67 points to 18, 140.44, the S&P 500 composite index gained 12.85 points to 2, 110.30 and the NASDAQ composite index increased 4, 955.97.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Serco Inc.   3.33   0.20   6.39%
  Huntington Ingalls   137.69   4.69   3.53%
  Boeing   158.31   4.56   2.97%
  Orbital ATK   68.22   1.84   2.77%
  AECOM Technology   29.15   0.78   2.75%

Market Summary

  Advancing Issues    23 (76.66%)
  Declining Issues      7 (23.33%)
  Unchanged Issues      0

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

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