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April 2 Market Close: GovCon Index Inches Up, Traders Eye Iran Talks

GovConIndexUPThe GovCon Index closed on a nominal rise Thursday — up 0.062 points to 68.857 — and recorded an even 15-15 split between risers and fallers.

The final trading day of the week saw news of a possible nuclear agreement between Iran and major world powers weigh on investors, who largely want to see how the strengthened U.S. dollar will affect corporate earnings reports, according to CNBC.

Investors also have their eyes on Friday’s nonfarm jobs report and wage data from the Labor Department, CNBC reported.

The Dow Jones Industrial Average climbed 65.06 points to 17, 763.24, the S&P 500 composite index rose 7.27 points to 2, 066.96 and the NASDAQ composite index gained 6.71 points to 4, 886.94.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Serco Inc.   2.60   0.17   7.00%
  CGI Group   43.01   0.53   1.25%
  Raytheon   108.46   0.87   0.81%
  Northrop Grumman   161.63   1.08   0.67%
  AECOM Technology   31.08   0.18   0.58%

Market Summary

  Advancing Issues    15 (50.00%)
  Declining Issues    15 (50.00%)
  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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