September 11 Market Close: GovCon Index, US Stocks Up as Fed Anticipation Grows

GovConIndexUPThe GovCon Index held onto gains incurred in the early afternoon part of Friday’s trading session to close at a gain of 0.434 points to 72.702.

Friday was a light-volume day for U.S. markets as all three major indices recorded modest gains and investors continued to anticipate the Federal Reserve‘s meeting Wednesday and Thursday, Bloomberg reported.

Bloomberg reports traders have priced in a 28-percent chance that the central bank will raise interest rates at that meeting and a 59 percent odds of a move in December.

The S&P 500 composite index climbed 2.1 percent for its best month since July.

Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting firms.

Top GovCon Index Gainers

Company $ Current Price $ Change % Change
Serco Group plc 1.62 +0.06 +3.85%
BAE Systems 28.00 +0.68 +2.49%
Health Net 65.74 +1.29 +2.00%
Maximus 62.26 +1.22 +2.00%
Northrop Grumman 168.52 +2.82 +1.70%

Market Summary

Advancing Issues 24
Declining Issues 6
Unchanged Issues 0
Index Value Net Change % Change
GovCon Index 72.702 +0.434 +0.601%
S&P 500 1, 961.04 +8.74 +0.45%
Dow Jones Industrial Average 16, 432.89 +102.49 +0.63%
NASDAQ 4, 822.34 +26.09 +0.54%

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