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  • Thursday, April 18, 2024

July 28 Market Close: GovCon Index Rides 3-Digit Dow Rally, Energy Leads US Stock Gains


GovConIndexUPThe GovCon Index snapped a five-day streak of losses Tuesday with a rebound of 1.244 percent to close at 75.127 on a day that saw the major U.S. stock indices record gains of nearly similar margins.

Energy shares were the largest gainers in the S&P 500 at a 3-percent jump for that sector as U.S. investors also reacted positively to rallies in Chinese markets and the Federal Reserve started its two-day meeting, CNBC reports.

Investors also continued to mull earnings reports from blue chip stocks with GovCon Index companies Booz Allen Hamilton (NYSE: BAH),  General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) scheduled to report quarterly results Wednesday.

The Dow Jones Industrial Average surged 1.09 percent to 17, 630.27, the S&P 500 composite index climbed 1.24 percent to 2, 093.25 and the NASDAQ composite index rose 0.98 percent — or 49.43 points — to 5, 089.21.

Top Percentage Gainers

Company $ Current Price $ Change % Change
Textron Inc 42.87 +2.34 +5.77%
Booz Allen Hamilton 25.92 +0.69 +2.73%
Honeywell International 104.20 +2.56 +2.52%
SAIC 53.18 +1.24 +2.39%
Huntington Ingalls Industries 114.86 +2.61 +2.33%

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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