April 8 Market Close: GovCon Index Up, Markets Flunctuate as Fed Minutes Show Split Over Rate Hike

GovConIndexUPThe GovCon Index closed up Wednesday with a gain of 0.293 points to 69.277 on a day that saw U.S. stocks fluctuate after the release of the Federal Reserve‘s March meeting minutes.

Those minutes indicate a split in the Federal Open Market Committee’s membership over when the central bank would raise interest rates, CNBC reported.

The Dow Jones Industrial Average rose 27.09 points to 17, 902.51, the S&P 500 composite index gained 5.57 points to 2, 081.90 and the NASDAQ composite index climbed 40.59 points to 4, 950.82.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Serco Inc.   2.85   0.10   3.64%
  Engility Holdings   32.45   0.61   1.92%
  BAE Systems Inc.   31.85   0.59   1.89%
  Maximus   67.85   1.07   1.60%
  Northrop Grumman   164.21   1.30   0.80%

Market Summary

  Advancing Issues    23 (76.66%)
  Declining Issues      7 (23.33%)
  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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