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November 2 Market Close: GovCon Index, US Stocks Climb on Earnings, Data

GovConIndexUPThe GovCon Index rode a full day of gains U.S. markets Monday with its own 0.713-point climb to a new all-time high of 77.987.

Monday marks the third session out of four that the Index ended at a new record closing figure after an October that represents its strongest month in 2015.

Leidos Holdings (NYSE: LDOS) gained 3.56 percent to 54.44 after investment firm Drexel Hamilton upgraded the Reston, Va.-based engineering and national security contractor from “hold” to “buy” on third quarter results and raised guidance.

Healthcare and energy shares in the S&P 500 were that index’s top-performing sectors Monday and investors will scrutinize the government’s October jobs report due Friday, according to the Wall Street Journal.

The S&P 500 closed above 2, 100 for the first time since August and the Dow Jones Industrial Average is in positive territory for 2015 after sharp losses in the third quarter.

Top GovCon Index Gainers

Company $ Current Price $ Change % Change
Serco Group 1.45 +0.09 +6.62%
Navistar International 13.00 +0.70 +5.69%
Engility Holdings 33.44 +1.25 +3.88%
Leidos Holdings 54.44 +1.87 +3.56%
AECOM 30.17 +0.70 +2.38%

Market Summary

Advancing Issues 27
Declining Issues 3
Unchanged Issues 0
Index Value Net Change % Change
GovCon Index 77.987 +0.713 +0.923%
S&P 500 2, 104.05 +24.69 +1.19%
Dow Jones Industrial Average 17, 828.76 +165.22 +0.94%
NASDAQ 5, 127.15 +73.40 +1.45%

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