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April 20 Market Close: GovCon Index Rides Tech Stock Surge to 1% Gain

GovConIndexUPThe GovCon Index rode a surge in the technology sector Monday on its way to a 0.728-point increase — or 0.952 percent — and a closing figure of 75.755.

Bloomberg cited a 1.8 percent climb in the S&P 500’s technology area as a driver of stock gains before many of the sector’s largest companies report quarterly earnings.

IBM (NYSE: IBM) is scheduled to report its financial results Monday and Google (NASDAQ: GOOG), Facebook (NASDAQ: FB) and Microsoft (NASDAQ: MSFT) will issue their reports later this week, according to Bloomberg.

The Dow Jones Industrial Average climbed 1.17 percent to 18, 034.93, the S&P 500 composite index rose 0.92 percent to 2, 100.40 and the NASDAQ composite index gained 1.27 percent to 4, 994.60.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  SAIC   51.68   1.17   2.32%
  Intelsat   12.11   0.26   2.19%
  Boeing   152.67   3.07   2.05%
  Leidos Holdings   41.65   0.72   1.76%
  Healthnet   57.42   0.99   1.75%

Market Summary

  Advancing Issues   24 (80.00%)
  Declining Issues     6 (20.00%)
  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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