The GovCon Index recovered from early losses Friday after the release of September’s jobs report to record a gain of 0.689 points and close at 70.664.
U.S. stock markets turned sharply negative after the open and remained down for the morning session, then rode aÂ spike in crude oil prices to gains, the Wall Street Journal reported.
Crude oil jumped 2Â percent to $45.65 per barrel in New York and brent oil rose 1.11 percent to 48.22 per barrel.
The Labor Department said before the openÂ that businesses added 142, 000 jobs in September, below aÂ 200, 000 estimateÂ the Journal cited through itsÂ survey of economists, and the unemployment rate remained unchangedÂ 5.1 percent.
The Journal reports investors and tradersÂ initially thought the low job growth numbers signaled continued effects on the U.S. from economic turmoil in China.
Top GovCon IndexÂ Gainers
|Company||$ Current Price||$ Change||% Change|
|Index||Value||NetÂ Change||%Â Change|
|S&P 500||1, 951.35||+27.53||+1.43%|
|Dow Jones Industrial Average||16, 472.37||+200.36||+1.23%|