The GovCon Index started the month of May with a rebound from two days of losses to close Friday up 0.680 points — or 0.910 percent – 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 as General Motors (NYSE: GM) and Ford (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% |
Market Summary
| 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.
