March 12 Market Close: GovCon Index Climbs Back, Dollar Weakens

GovConIndexUPThe GovCon Index re-entered positive territory Thursday with a gain of 1.129 percent to close at 68.484.

A report that showed a decrease in retail sales in February and a decline in the dollar versus Euro drove investor speculation that the Federal Reserve could adjust its stance on when it could next raise interest rates, according to Bloomberg.

The Dow Jones Industrial Average surged 1.47 percent to 17, 895.22, the S&P 500 composite index rose 1.26 percent to 2, 065.95 and the NASDAQ composite index climbed 34.35 points — or 0.89 percent — to 4, 893.29.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Engility Holdings   33.13   1.11   3.47%
  ICF International   41.35   1.10   2.73%
  Navistar   57.01   0.73   2.45%
  Computer Sciences Corp.   32.02   1.45   2.18%
  Orbital ATK   138.91   1.57   2.13%

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.

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