March 27 Market Close: GovCon Index Extends Gains, Dollar Concern Continues

GovConIndexUPThe GovCon Index climbed for a second consecutive day with a gain of 0.541 points to 69.008.

The Wall Street Journal called Friday a “quiet day” and cited next week’s jobs report and the start of earnings season as trends to watch.

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Investors continue to worry over how a strengthening U.S. dollar could impact earnings for multinational companies.

The Dow Jones Industrial Average rose 34.43 points to 17, 712.66, the S&P 500 composite index climbed 4.87 points to 2, 061.02 and the NASDAQ composite index increased 27.86 points to 2, 891.22.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Harris Corp.  76.75  3.47  4.74
  SAIC  54.36  1.69  3.21
  ManTech Intl Corp.  34.09  0.88  2.65
  Booz Allen Hamilton  29.20  0.58  2.03
  Exelis Inc.  24.22  0.39  1.64

Market Summary

  Advancing Issues    23 (76.67%)
  Declining Issues    7 (23.33%)
  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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