May 4 Market Close: GovCon Index Extends Rebound as Europe, China Gains Lift US Stocks

GovConIndexUPThe GovCon Index closed in positive territory for the second consecutive day Tuesday with a gain of 0.263 to close at 74.324.

Gains in European and Chinese markets helped U.S. stocks to a second straight day of gains and eight out of 10 sectors in the S&P 500 composite index ended the day in positive territory, according to the Wall Street Journal.

The Dow Jones Industrial Average rose 46.34 points to 18, 070.40,  the S&P 500 composite index climbed 6.20 points to 2, 114.49 and the NASDAQ composite index gained 11.54 points to 5, 016.93.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Intelsat  12.47  0.43  3.57
  Healthnet  54.70  1.70  3.21
  Huntington Ingalls  135.66  1.70  1.27
  Raytheon  106.40  1.32 1.26
  Orbital ATK  74.73  0.63  0.85

Market Summary

  Advancing Issues    21 (70.00%)
  Declining Issues      9 (30.00%)
  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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