June 16 Market Close: GovCon Index, US Stocks Rebound

GovConIndexUPThe GovCon Index recovered some losses incurred from the previous day’s session to record a gain of 0.444 points and close at 76.250 Tuesday.

ManTech International (Nasdaq: MANT) led all Index gainers with a 3.94-percent jump after the company said it would purchase cybersecurity consulting firm KCG.

According to the Wall Street Journal, no singular news event drove the rise in U.S. stocks Tuesday but the next trend that investors will watch is the next Federal Reserve statement on its policy meeting and press conference from Chairwoman Janet Yellen.

The Dow Jones Industrial Average climbed 113.31 points to 17, 904.48, the S&P 500 composite index rose 11.86 points to 2, 096.29 and the NASDAQ composite index gained 25.58 points to 5, 055.55.

Top Percentage Gainers

  Company   $ Stock Price   $ Change   % Change
  ManTech International   29.56   1.12   3.94%
  Maximus   63.77   1.21   1.93%
  Booz Allen Hamilton   25.79   0.36   1.42%
  Engility Holdings   28.00   0.39   1.41%
  SAIC   52.62   0.65   1.25%

Market Summary

  Advancing Issues    25 (83.33%)
  Declining Issues      5 (16.66%)
  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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