April 22 Market Close: GovCon Index Stretches Gain Streak to 3 Days

GovConIndexUPThe GovCon Index rose for a third consecutive day Wednesday as it recorded a gain of 0.164 points to close at 76.242.

U.S. stock markets traded in positive territory Wednesday after a new report showed sales of existing homes grew 6.1 percent in March from February to hit the highest level in 18 months, according to the Wall Street Journal.

Concerns over corporate financial reports continued to weigh on investors and a FactSet estimate cited by the Journal says S&P 500 earnings could fall 3.9 percent from the prior year.

The Dow Jones Industrial Average gained 88.48 points to 18, 038.07, the S&P 500 composite index rose 10.67 points to 2, 107.96 and the NASDAQ composite index climbed 21.07 points to 5, 035.17.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Navistar   29.89   0.41   1.39%
  Computer Sciences Corp.   65.83   0.77   1.18%
  AECOM Technology   32.94   0.36   1.10%
  Honeywell   102.19   0.86   0.85%
  CACI International   88.95   0.67   0.76%

Market Summary

  Advancing Issues   22 (73.33%)
  Declining Issues     8 (26.66%)
  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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