The 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|
|Advancing Issues||24 (80.00%)|
|Declining Issues||6 (20.00%)|
Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.