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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 International17.65+0.90+5.37%
Huntington Ingalls120.55+4.74+4.09%
Harris Corp.84.59+3.02+3.70%
Textron43.85+1.40+3.30%
AECOM31.17+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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