March 2 Market Close: GovCon Index Rises 1%, NASDAQ Breaks 5K Mark

GovConIndexUPThe GovCon Index ended the first day of trading in March with a gain of 0.77 points — or 1.083 percent — to close at 70.385.

U.S. stocks rose and the NASDAQ composite index closed above the 5, 000-point barrier for the first time since March 9 and 10 in 2010 on a day that saw traders react to data on gains in U.S. manufacturing and personal income, CNBC reported.

China also cut its interest rate by 25 basis points to 5.35 percent and helped send U.S. stocks up, according to the report.

The Dow Jones Industrial Average gained 155.93 points to 18, 288.63, the S&P 500 composite index climbed 12.89 points to 2, 117.39 and the NASDAQ composite index rose 44.57 points to 5, 008.10.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Engility Holdings   38.66   2.56   7.09%
  Orbital ATK   68.06   1.78   2.69%
  CGI Group   42.87   1.06   2.54%
  Boeing   153.80   2.95   1.96%
  CACI International   30.33   0.57   1.92%

Market Summary

  Advancing Issues   26 (86.66%)
  Declining Issues     4 (13.33%)
  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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