February 3 Market Close: GovCon Index Rebounds 1.5% to Set Record

GovConIndexUPThe GovCon Index rose for a second consecutive day to record a gain of 1.16 points — or 1.572 percent — to close at 72.661 on Tuesday and set a new all-time high.

Energy shares continued a four-day streak of increases in conjunction with an increase in crude oil prices in New York and U.S. equities saw gains early in the day as investors continued to show less worry over the new Greek government’s plan for the country’s debt, according to Bloomberg.

The Dow Jones Industrial Average surged 1.76 percent — or 305.36 points — to 17, 666.40, the S&P 500 composite index gained 1.44 percent to 2, 050.03 and the NASDAQ composite index rose 1.09 percent to 4, 727.74.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Serco Inc.   2.635   0.13   5.19%
  AECOM Technology   27.62   1.22   4.62%
  SAIC   50.79   2.01   4.12%
  BAE Systems Inc.   31.77   1.20   3.93%
  ATK   136.35   4.93   3.75%

Market Summary

  Advancing Issues    28 (93.33%)
  Declining Issues      2  (6.66%)
  Unchanged Issues      0

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

You may also be interested in...


Fluor Subsidiary Gets $1.1B Modification on US Naval Nuclear Propulsion Support Contract

A subsidiary of Fluor (NYSE: FLR) will continue its support work on propulsion systems that power U.S. Navy submarines and aircraft carriers under a one-year, $1.12B contract modification. Fluor Marine Propulsion will continue services at the Naval Nuclear Laboratory through the government's 2021 fiscal year, the Department of Defense said Wednesday.

Mac Curtis Chairman and CEO Perspecta

Perspecta Announced as Military Bowl Presenting Sponsor; Mac Curtis Quoted

The Military Bowl Foundation has named Perspecta (NYSE: PRSP) as the presenting sponsor for the next three years of its college football post-season bowl game.