September 16 Market Close: GovCon Index, US Stocks Climb as Fed Meeting Starts

GovConIndexUPThe GovCon Index extended its gains from the previous day’s trading session with a rise of 0.372 points to 73.557 Wednesday as the Federal Reserve started its highly-anticipated two-day meeting on monetary policy.

Energy stocks climbed with oil prices after a report showed U.S. crude stockpiles fell by 2.1 million barrels last week, a figure that doubled most analysts’ expectations, according to the Wall Street Journal.

U.S. trading volumes have fallen since August due to uncertainty over whether the Fed would raise rates at its current September meeting as investors are wary of large buys, the Journal reported.

Top Con Index Gainers

Company $ Current Price $ Change % Change
Serco Group 1.58 +0.09 +6.04%
Navistar International 19.78 +0.68 +3.56%
Leidos Holdings 43.22 +0.81 +1.91%
McKesson Corp. 204.24 +3.83 +1.91%
ManTech International 27.10 +0.46 +1.73%

Market Summary

Advancing Issues 26
Declining Issues 4
Unchanged Issues 0
Index Value Net Change % Change
GovCon Index 73.557 +0.372 +0.508%
S&P 500 1, 995.31 +17.22 +0.87%
Dow Jones Industrial Average 16, 739.95 +140.10 +0.84%
NASDAQ 4, 889.24 +28.72 +0.59%

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