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September 15 Market Close: GovCon Index, US Stocks Jump 1% on Day Before Fed Meeting

GovConIndexUPThe GovCon Index jumped 1.186 percent to 73.185 Tuesday in the last trading session before the Federal Reserve’s meeting set to take place Wednesday through Thursday.

All three major U.S. stock indices rose at least 1 percent each as U.S. investors considered retail sales and industrial production data that fell below many analysts’ expectations but showed increases in August, according to CNBC.

Fed policymakers will meet this week to determine whether to raise short-term interest rates for the first time in more than nine years and an announcement will come Thursday, CNBC reports.

CNBC said the Dow Jones Industrial Average closed out of correction territory, or back within 10 percent of its 52-week high, and the Russell 2000 remains in a correction.

Top Con Index Gainers

Company $ Current Price $ Change % Change
Navistar International 19.10 +1.03 +5.70%
Intelsat 9.78 +0.51 +5.50%
Booz Allen Hamilton 27.045 +0.545 +2.057%
Cubic Corp. 41.84 +0.80 +1.95%
McKesson Corp. 200.41 +3.80 +1.93%

Market Summary

Advancing Issues 28
Declining Issues 2
Unchanged Issues 0
Index Value Net Change % Change
GovCon Index 73.185 +0.858 +1.186%
S&P 500 1, 978.09 +25.06 +1.28%
Dow Jones Industrial Average 16, 599.85 +228.89 +1.40%
NASDAQ 4, 860.52 +54.76 +1.14%
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