November 3 Market Close: GovCon Index Ends Nominally Down, US Stocks Up on Energy Rally

GovConIndexDOWNThe GovCon Index turned around losses incurred during the morning session Tuesday but fell late afternoon to end at a nominal decline of 0.022 points to 77.949.

Index stock Harris Corp. (NYSE: HRS) rose 1.62 percent to $81.00 after the military radio maker posted third quarter earnings above the consensus Wall Street forecast.

Energy shares led the rebound in the S&P 500 composite index and registered an overall gain for the fifth consecutive day as oil futures settled at up 3.68 percent to $47.84 in New York, according to Bloomberg.

Traders have pegged the odds of an interest rate increase this year at more than 50 percent, Bloomberg said.

Top GovCon Index Gainers

Company $ Current Price $ Change % Change
Serco Group 1.535 +0.085 +5.862%
Navistar International 13.52 +0.52 +4.00%
CGI Group 38.93 +1.15 +3.04%
Intelsat 6.36 +0.15 +2.42%
Harris Corp. 81.00 +1.29 +1.62%

Market Summary

Advancing Issues 16
Declining Issues 13
Unchanged Issues 1
Index Value Net Change % Change
GovCon Index 77.949 -0.022 -0.028%
S&P 500 2, 109.78 +5.73 +0.27%
Dow Jones Industrial Average 17, 918.15 +89.39 +0.50%
NASDAQ 5, 145.13 +17.98 +0.35%

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