April 10 Market Close: GovCon Index Moves Up, GE Restructure News Drives US Gains

GovConIndexUPThe GovCon Index ended the week with a gain of 0.173 points to close at 69.436.

U.S. markets traded in positive territory after General Electric (NYSE: GE) said it would exit most of its lending business and announced it would repurchase up to $50 bilion of its stock, Bloomberg reported.

The Dow Jones Industrial Average gained 98.92 points to 18, 057.65, the S&P 500 composite index climbed 10.88 points to 2, 102.06 and the NASDAQ composite index rose 21.41 points to 4, 995.98.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Computer Sciences Corp.   65.85    1.36    2.11%
  Maximus   68.15    0.90    1.34%
  Huntington Ingalls   142.00    1.66    1.34%
  AECOM Technology   32.63    0.34    1.34%
  ICF International   41.00    0.39    1.05%

Market Summary

  Advancing Issues    21 (70.00%)
  Declining Issues      9 (30.00%)
  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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