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September 8 Market Close: GovCon Index, Major US Stock Indices Surge 2%

GovConIndexUPThe GovCon Index started its first full trading week in September with a rise of 2.505 percent to 72.752 Monday as U.S. markets also rebounded from sharp losses incurred Friday.

With Monday’s close, the Index is 4.17 percent down from its Aug. 4 close of 75.916 and has recovered 4.51 percent from its three-month low of 69.509 on Aug. 25.

Both the S&P 500 and NASDAQ composite indices closed above correction territory and the Dow Jones Industrial Average is 0.2 percent away from an exit out of correction mode, CNBC reports.

Mainland China’s stock markets recorded gains in their first trading session after a four-day holiday to commemorate World War II’s end, according to CNBC.

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

Top Percentage Gainers

Company $ Current Price $ Change % Change
Intelsat 9.96 +0.56 +5.96%
Orbital ATK 77.75 +3.51 +4.73%
Textron 40.26 +1.61 +4.17%
Leidos Holdings 42.43 +1.70 +4.17%
Harris Corp. 76.98 +3.02 +4.08%

Market Summary

  Advancing Issues    29
  Declining Issues      1
  Unchanged Issues      0
Index Value Net Change % Change
GovCon Index 72.752 +1.778 +2.505%
S&P 500 1, 969.41 +48.19 +2.51%
Dow Jones Industrial Average 16, 492.68 +390.30 +2.42%
NASDAQ 4, 811.93 +128.01 +2.73%
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