August 14 Market Close: GovCon Index Stretches Gains, US Stocks Rebound

GovConIndexUPThe GovCon Index recovered more ground from three consecutive days of negative or neutral activity to record a gain of 0.479 points and close at 76.970.

U.S. stocks swung into positive territory Friday after investors continued to react to China’s currency devaluation and data that showed consumer spending increased in July, according to the Wall Street Journal.

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The Dow Jones Industrial Average gained 69.15 points to 17, 477.40, the S&P 500 composite index rose 8.15 points to 2, 091.54 and the NASDAQ composite index climbed 14.68 points to 5, 048.23.

Top Percentage Gainers

Company $ Current Price $ Change % Change
CGI Group 38.58 +0.94 +2.50%
Intelsat 9.83 +0.23 +2.40%
Cubic Corp. 41.78 +0.72 +1.77%
Huntington Ingalls 119.20 +2.02 +1.72%
Computer Sciences Corp. 67.47 +1.14 +1.72%

Market Summary

  Advancing Issues    24 (80.00%)
  Declining Issues      6 (20.00%)
  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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