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October 15 Market Close: GovCon Index, US Stocks Rebound 1% as Fed Rate Hold Confidence Grows


 GovConIndexUPThe 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%

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