The GovCon Index recovered some ground from Monday’s decline and adjustment from the addition of CSRA (NYSE: CSRA) to end at a gain of 0.649 points to 78.713 on Tuesday.
U.S. investors appeared to discount the latest Institute for Supply Management index figure that showed a decline to 48.6 in November from October’s 50.1 reading that indicates contraction in the manufacturing sector, the Wall Street Journal reported.
The three major U.S. stock indices held in positive territory for the entire trading day Tuesday and investors continued to anticipate Friday’s payrolls report from the U.S. government as a gauge for when interest rates could go up, according to the Journal.
Other key events investors will watch this week include the European Central Bank’s Thursday meeting and congressional testimony by Federal Reserve Chair Janet Yellen on Wednesday and Thursday.
Top GovCon Index Gainers
|Symbol||Company||$ Current Price||Net Change||% Change|
|SECCY||Serco Group plc||1.66||+0.22||+15.28%|
|HII||Huntington Ingalls Industries||133.75||+2.83||+2.16%|
|Index||Value||Net Change||% Change|
|S&P 500||2, 102.63||+22.22||+1.07%|
|Dow Jones Industrial Average||17, 888.35||+168.43||+0.95%|