March 20 Market Close: GovCon Index Closes Up 1%, Dollar Weakens on Greece Speculation

GovConIndexUPThe GovCon Index rode across-the-board gains of U.S. stocks Friday to record a climb of 1.152 percent — or 0.817 points — and close at 70.116.

Twenty-seven out of 30 total index companies saw their stock prices close in positive territory.

Investors reacted to comments by a European Union official that Greece could receive additional bailout money next week and that revelation drove the U.S. dollar to weaken versus the Euro, according to Bloomberg.

Bloomberg also cited increases in energy shares and gains in global equities as drivers of Friday’s trading activity.

The Dow Jones Industrial Average rose 168.36 points to 18, 127.39, the S&P 500 composite index climbed 18.81 points to 2, 108.08 and the NASDAQ composite index gained 34.04 points to 5, 026.42.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Serco Inc.   2.60   0.16   6.56%
  Engility Holdings   34.37   1.51   4.60%
  ManTech International   34.54   1.41   4.26%
  AECOM Technology   31.09   0.88   2.91%
  ICF International   42.65   1.10   2.65%

Market Summary

  Advancing Issues    27 (90.00%)
  Declining Issues      3 (10.00%)
  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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