June 1: GovCon Index Rises, Stocks Gain on Manufacturing Data

GovConIndexUPThe GovCon Index started the week with a close in positive territory — a gain of 2.498 points, or 3.361 percent, to end the day at 76.805.

Rockwell Collins (NYSE: COL), the Iowa-based avionics maker, replaced the Exelis as an Index company Monday to maintain the number of listed companies at 30.

U.S. stocks climbed after the latest Institute for Supply Management report on U.S. manufacturing showed an uptick in activity during May and data also showed construction spending rose at a rate that beat many economists’ expectations, according to Bloomberg.

The Dow Jones Industrial Average rose 29.69 points to 18, 040.37, the S&P 500 composite index climbed 4.34 points to 2, 111.73 and the NASDAQ composite index gained 12.90 points to 5, 082.93.

Top Percentage Gainers

  Company   Stock Price   $ Change   % Change
  Cubic Corp   48.82   1.02   2.13%
  AECOM   33.54   0.51   1.54%
  Lockheed Martin   191.07   2.87   1.52%
  SAIC   53.62   0.62   1.17%
  ManTech International   25.59   0.24   0.95%

Market Summary

  Advancing Issues    19 (63.33%)
  Declining Issues    11 (36.66%)
  Unchanged Issues     0 (0.00%)

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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