The GovCon IndexÂ started the month of May with a rebound from two days of losses to close Friday up 0.680 pointsÂ — or 0.910 percent –Â and end at 74.060.
Gains in the biotechnology sector from the previous day’s losses and higher Treasury yields helped U.S. stocks to recover from Thursday’s sell-off, according to CNBC.
Investors also reacted positively to financial reports from car makers such asÂ General Motors (NYSE: GM) and FordÂ (NYSE: F), CNBC reports.
The Dow Jones Industrial Average jumped 1.03 percent to 18, 024.06, the S&P 500 composite index climbed 1.09 percent to 22.78 and the NASDAQ composite index rose 1.29 percent to 5, 005.39.
Top Percentage Gainers
|Â Company||Â Stock Price||Â $ Change||Â % Change|
|Â General Dynamics||Â Â 140.14||Â Â 2.82||Â Â 2.05%|
|Â Huntington Ingalls||Â Â 133.96||Â Â 2.37||Â Â 1.80%|
|Â Booz Allen Hamilton||Â Â 27.95||Â Â 0.45||Â Â 1.64%|
|Â Â CACI International||Â Â 89.64||Â Â 1.40||Â Â 1.59%|
|Â Â Honeywell||Â Â 102.50||Â Â 1.58||Â Â 1.57%|
|Â Advancing Issues||Â Â 23Â (76.66%)|
|Â Declining Issues||Â Â Â 7 (23.33%)|
|Â Unchanged Issues||Â Â Â 0|
Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.