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October 7 Market Close: GovCon Index Rebounds, US Stocks Ride Healthcare Recovery


GovConIndexUPThe GovCon Index bounced back from its previous day decline with a gain of 1.415 percent to close at 72.824 Tuesday on a choppy trading day for U.S. markets.

The three major stock indices rose at least one percent before 10:30 a.m. Eastern time before a sharp decline in the late morning portion of the day.

Stocks turned into positive territory after 12:30 p.m. and the three major indices are out of correction territory, or 10 percent of their 52-week highs.

Healthcare stocks were the S&P 500’s largest advancer and led that index to within less than 5 points of the 2, 000 mark, according to CNBC.

Market Summary

Advancing Issues 28
Declining Issues 2
Unchanged Issues 0
Index Value Net Change % Change
GovCon Index 72.824 +1.016 +1.415%
S&P 500 1, 995.83 +15.91 +0.80%
Dow Jones Industrial Average 16, 912.29 +122.10 +0.73%
NASDAQ 4, 791.15 +42.79 +0.90%

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