August 17 Market Close: GovCon Index Closes at 30-Day High, US Stocks Up on Homebuilder Data

GovConIndexUPThe GovCon Index kicked off the week with a gain of 0.374 points to 77.344 — the Index’s highest close over a 30-day period.

U.S. markets rebounded from losses in Monday’s morning session as stocks reacted negatively to data that showed a decline in manufacturing in New York State, according to Bloomberg.

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Declines turned into gains after a separate report showed confidence among U.S. homebuilders in August reached its highest level in close to a decade, Bloomberg reported.

The Dow Jones Industrial Average gained 67.78 points to 17, 745.18, the S&P 500 composite index rose 10.90 points to 2, 102.44 and the NASDAQ composite index climbed 43.46 points to 5, 091.70.

Top Percentage Gainers

Company $ Current Price $ Change % Change
Health Net 70.55 +2.02 +2.95%
Intelsat 10.12 +0.29 +2.95%
SAIC 52.57 +0.83 +1.60%
Booz Allen Hamilton 27.62 +0.43 +1.58%
Cubic Corp. 42.31 +0.53 +1.27%

Market Summary

  Advancing Issues    21 (70.00%)
  Declining Issues      9 (30.00%)
  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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