July 9 Market Close: GovCon Index, US Stocks Rebound Ahead of Greek Proposal Deadline

GovConIndexUPThe GovCon Index bounced back from the prior day’s losses on Thursday to close at a gain of 0.572 points and end at 74.650.

Financial shares recovered ground from Wednesday’s declines as investors waited to see if Greece would meet its Thursday midnight deadline to give European leaders a plan for spending cuts in order to receive new financial aid, Bloomberg reports.

Investors also mulled the International Monetary Fund’s cut in its latest global growth forecast and will examine Federal Reserve Chair Janet Yellen’s public remarks Friday, according to Bloomberg.

The Dow Jones Industrial Average rose 33.20 points to 17, 548.62, the S&P 500 composite index gained 4.63 points to 2, 051.31 and the NASDAQ composite index climbed 12.64 points to 4, 922.40.

Top Percentage Gainers

  Company   $ Stock Price   $ Change   % Change
  Serco Group   1.99   0.11   5.85%
  Harris Corp.   78.49   1.65   2.15%
  Textron   43.69   0.73   1.70%
  BAE Systems   28.58   0.47   1.67%
  Navistar International   19.33   0.27   1.42%

Market Summary

  Advancing Issues    23 (76.66%)
  Declining Issues      7 (23.33%)
  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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