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  • Tuesday, April 16, 2024

May 14 Market Close: GovCon Index, US Stocks Jump 1% as Dollar Weakens


GovConIndexUPThe GovCon Index closed Thursday at its highest figure since April 28 with a 1.652 percent gain to 75.207.

U.S. stocks jumped 1 percent Thursday as investors weighed a weakened U.S. dollar and stabilized Treasury bond market after a series of mixed economic reports earlier in the week,  according to CNBC.

The Dow Jones Industrial Average surged 1.06 percent to 18, 252.24, the S&P 500 composite index rose 1.08 percent to 2, 121.10 and the NASDAQ composite index gained 1.39 percent to 5, 050.79.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  ICF International   37.29   1.78   5.01%
  Computer Sciences Corp.   67.28   2.77   4.29%
  McKesson   239.48   7.10   3.06%
  Maximus   53.22   1.30   2.50%
  SAIC   28.23   0.62   2.25%

Market Summary

  Advancing Issues   28 (93.33%)
  Declining Issues     2  (6.66%)
  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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