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August 10 Market Close: GovCon Index, US Stock Indices Climb 1% on Oil Rebound

GovConIndexUPThe GovCon Index rebounded from two straight days of declines Monday to record a gain of 1.428 percent and close at 77.328.

All three major U.S. stock indices also each advanced at least 1 percent Monday as investors gained confidence from a rise in oil prices despite a report that showed Chinese exports fell 8.3 percent in July, according to CNBC.

U.S. crude oil rose $1.09 to $44.96 per barrel and brent crude surged $1.60 to $50.21 per barrel.

The Dow Jones Industrial Average climbed 1.39 percent to 17, 615.17,  the S&P 500 composite index surged 1.28 percent to 2, 104.18 and the Nasdaq composite index rose 1.16 percent to 5, 101.80.

Top Percentage Gainers

Company $ Current Price $ Change % Change
Navistar International 17.65 +0.90 +5.37%
Huntington Ingalls 120.55 +4.74 +4.09%
Harris Corp. 84.59 +3.02 +3.70%
Textron 43.85 +1.40 +3.30%
AECOM 31.17 +0.91 +3.01%

Market Summary

  Advancing Issues    28 (93.33%)
  Declining Issues      2  (6.66%)
  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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