The GovCon Index climbed out of correction territory Wednesday with a rise of 1.566 percent to 70.181 that concludes the Index’s second-worst month since its October 2014 inception.The Index declined 2.64 percent from its Aug. 31 close of 72.091 and fell 5.14 percent for the calendar year 2015 third quarter, which the Wall Street Journal reports was also the worst month for many U.S. markets since October 2011.
All three major U.S. indices are in negative territory for 2015-to-date and investors will look at Friday’s jobs report from the Labor Department in hopes of positive news, the Journal said.
Investors are also anticipating the start of third-quarter earnings season in mid-October that will also see many GovCon Index companies report their financial results from that period.
Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting companies.
Top GovCon Index Gainers
| Company | $ Current Price | $ Change | % Change |
|---|---|---|---|
| Harris Corp. | 73.15 | +2.08 | +2.93% |
| Serco Group | 1.60 | +0.05 | +2.89% |
| CGI Group | 36.21 | +0.99 | +2.81% |
| AECOM | 27.51 | +0.71 | +2.65% |
| Computer Sciences Corp. | 61.38 | +1.57 | +2.62% |
Market Summary
| Advancing Issues | 27 |
| Declining Issues | 3 |
| Unchanged Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 70.181 | +1.082 | +1.566% |
| S&P 500 | 1, 902.03 | +35.94 | +1.91% |
| Dow Jones Industrial Average | 16, 284.70 | +235.57 | +1.47% |
| NASDAQ | 4, 620.17 | +102.84 | +2.28% |
