The GovCon Index bounced back from the previous day’s sharp decline with a gain of 0.676 points to 73.313 Thursday as U.S. investors grew more confident that interest rates will go unchanged for the rest of 2015.
Investors based their belief on new economic data that showed the Consumer Price Index fell 0.2 percent in September and does not forecast inflation in the near-term, according to CNBC.
Weekly jobless claims fell to a 42-year low at 255, 000, CNBC reported.
Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting companies.
Top GovCon Index Gainers
Company | $ Current Price | $ Change | % Change |
---|---|---|---|
Engility Holdings | 28.48 | +0.90 | +3.26% |
Maximus | 65.73 | +1.93 | +3.03% |
Boeing | 137.39 | +3.17 | +2.36% |
McKesson Corp. | 193.75 | +3.97 | +2.09% |
Raytheon | 111.93 | +2.23 | +2.03% |
Market Summary
Advancing Issues | 24 |
Declining Issues | 6 |
Unchanged Issues | 0 |
Index | Value | Net Change | % Change |
---|---|---|---|
GovCon Index | 73.313 | +0.676 | +0.931% |
S&P 500 | 2, 023.86 | +29.62 | +1.49% |
Dow Jones Industrial Average | 16.924.75 | +217.00 | +1.28% |
NASDAQ | 4, 870.10 | +87.25 | +1.82% |