The GovCon IndexÂ extended its current rally into a second day with a gain of 1.057 percentÂ to 75.312 as investors continued to mull earnings reports from S&P 500Â stocks, 11 of whichÂ are also listed inÂ the Index.
The Index is up 2.84 percent over theÂ previous month andÂ 0.66 percent downÂ forÂ the last threeÂ months.
Northrop Grumman (NYSE: NOC) and General Dynamics (NYSE: GD) will both state third quarter results Wednesday to conclude the current earnings season for the five largest U.S.-based GovCon companies by fiscal year 2014 revenue.
Other GovCon Index companiesÂ scheduled to report nextÂ week include:
- Tuesday: Orbital ATK (NYSE: OA) and Textron (NYSE: TXT)
- Wednesday: Booz Allen Hamilton (NYSE: BAH), CACI International (NYSE: CACI), Â L-3 Communications (NYSE: LLL) and ManTech International (NASDAQ: MANT)
- Thursday: ICF International (NASDAQ: ICFI), Intelsat (NYSE: I), Leidos (NYSE: LDOS) and McKesson (NYSE: MCK)
- Friday: Rockwell Collins (NYSE: COL)
Non-Index companyÂ DigitalGlobe (NYSE: DGI), which provides geospatial services to U.S. government agencies, will also state itsÂ third quarter earnings Friday.
U.S. stocks rose on earnings reports from technology stocks that beat analyst forecasts and the decision by China’s central bank to reduce interest rates, according to Bloomberg.
The S&P 500 has erased its losses for 2015 and ended Friday in positive territory onÂ year-to-date bases, Bloomberg reported.
Top GovCon Index Gainers
|Company||$ Current Price||$ Change||% Change|
|Health Net Inc.||62.76||+1.51||+2.47%|
|Leidos Holdings, Inc.||46.42||+1.07||+2.36%|
|Index||Value||NetÂ Change||%Â Change|
|S&P 500||2, 075.15||+22.64||+1.10%|
|Dow Jones Industrial Average||17, 646.70||+157.54||+0.90%|