July 13 Market Close: GovCon Index, US Stocks Rise in Tandem After Greece Pact

GovConIndexUPThe GovCon Index extended its gains from the previous two trading days into Monday with a rise of 1.06 percent to close at 76.396 as U.S. markets welcomed reports over a deal between Greece and its creditors.

CNBC reports that pact would keep Greece in the Euro zone and get financial aid in return for reforms to its pension system, labor laws and the implementation of a sales tax hike.

Greece has to pass those reforms by Wednesday in order to receive the $95.2 billion in relief from its Euro zone creditors and the country must repay a nearly $7.7 billion loan to Europe’s central bank by July 20, according to CNBC.

The Dow Jones Industrial Average climbed 1.22 percent to 17, 977.68, the S&P 500 composite index rose 1.11 percent to 2, 099.60 and the NASDAQ composite index gained 1.48 percent to 5, 071.51.

Top Percentage Gainers

  Company   $ Stock Price   $ Change   % Change
  AECOM   31.95   0.94   3.03%
  Navistar International   19.97   0.58   2.99%
  CGI Group   39.79   0.86   2.21%
  Lockheed Martin   197.88   3.69   1.90%
  Raytheon   100.51   1.80   1.82%

Market Summary

  Advancing Issues    26 (86.66%)
  Declining Issues      4 (13.33%)
  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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