October 8 Market Close: GovCon Index, US Stocks Reverse AM Losses After Fed Minutes Go Public

GovConIndexUPThe GovCon Index turned around heavy losses incurred in the morning and early afternoon portions of trading Thursday to close at a gain of 1.303 percent to 73.773.

U.S. stocks started to trade higher from 2 p.m. Eastern time after the release of the Federal Reserve‘s September meeting minutes that indicate policymakers were mostly united on a decision to not raise interest rates then, according to CNBC.

Crude oil settled up 3.4 percent in New York to $49.43 a barrel to continue a recovery in energy stocks, CNBC said.

Top GovCon Index Gainers

Company $ Current Price $ Change % Change
Navistar International 16.30 +0.82 +5.30%
Serco Group 1.60 +0.06 +3.90%
Engility Holdings 29.21 +1.03 +3.66%
Maximus 63.93 +1.75 +2.81%
ManTech International 28.08 +0.72 +2.63%

Market Summary

Advancing Issues 29
Declining Issues 1
Unchanged Issues 0
Index Value Net Change % Change
GovCon Index 73.773 +0.949 +1.303%
S&P 500 2, 013.43 +17.60 +0.88%
Dow Jones Industrial Average 17, 050.75 +138.46 +0.82%
NASDAQ 4, 810.79 +19.64 +0.41%

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