May 1 Market Close: GovCon Index Closes Up, Biotech Recovery Helps Lift US Stocks


GovConIndexUPThe 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.

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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

  Company   Stock Price   $ Change   % Change
  General Dynamics   140.14   2.82   2.05%
  Huntington Ingalls   133.96   2.37   1.80%
  Booz Allen Hamilton   27.95   0.45   1.64%
  CACI International   89.64   1.40   1.59%
  Honeywell   102.50   1.58   1.57%

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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