February 24 Market Close: GovCon Index Closes Flat, Traders Watch Fed Chair Remarks

GovConIndexUPThe GovCon Index remained largely level for a second consecutive day as it rose 0.044 points to 71.008.

Traders considered Federal Reserve Chair Janet Yellen’s testimony to the Senate Banking Committee, where she indicated the central bank would change its guidance before any interest rate increase, according to the Wall Street Journal.

Investors also mulled earnings reports from Home Depot and news that Eurozone finance leaders approved a four-month extension to Greece’s bailout, the Journal reported.

The Dow Jones Industrial Average rose 92.35 points to 18, 209.19, the S&P 500 composite index gained 5.83 points to 2, 115.49 and the NASDAQ composite index climbed 7.15 points to 4, 968.12.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Intelsat   13.00   0.50   4.00%
  ICF International   40.78   0.99   2.49%
  AECOM Technology   29.42   0.42   1.45%
  Navistar   29.64   0.29   0.99%
  Orbital ATK   68.97   0.67   0.98%

Market Summary

  Advancing Issues    17 (53.33%)
  Declining Issues    13 (46.66%)
  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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