The GovCon Index mirrored the U.S. stock market’s rebound Wednesday to record a gain of 0.379 points and close at 77.048.
Investors reacted to the latest Commerce Department report that showed the U.S. trade deficit shrunk 19.2 percent in April to represent the figure’s largest fall in more than six years, according to the Wall Street Journal.
Doug Foreman, chief investment officer of Kayne Anderson Rudnick Investment Management, told the Journal markets presently appear to be reacting to macroeconomic news on Greece and comments from European Central Bank leaders.
The Dow Jones Industrial Average climbed 64.33 points to 18, 076.27, the S&P 500 composite index gained 4.47 points to 2, 114.07 and the NASDAQ composite index rose 22.71 points to 5, 099.23.
Top Percentage Gainers
| Â Company | Â $ Stock Price | Â $ Change | Â % Change |
| Â Intelsat | Â 10.78 | Â Â 0.23 | Â Â 2.18% |
| Â SAIC | Â Â 53.75 | Â Â 0.96 | Â Â 1.82% |
| Â Â ICF International | Â Â 36.79 | Â Â 0.65 | Â Â 1.80% |
| Â Â Orbital ATK | Â Â 74.44 | Â Â 1.24 | Â Â 1.69% |
| Â CACI International | Â Â 87.06 | Â Â 1.31 | Â Â 1.53% |
Market Summary
| Â Advancing Issues | Â 24 (80.00%) |
| Â Declining Issues | Â Â 6Â (20.00%) |
| Â Unchanged Issues | Â Â Â 0 |
Executive Mosaic‘s GovCon Index is a composite index that tracks 30 of the largest publicly-traded Government Contracting (GovCon) firms.
