The GovCon Index snapped a three-day streak of declines Thursday with a gain of 0.319 points to 76.970 and the larger U.S. stock market also ended its four-day stretch of losses.
U.S. investors also looked to build up their currency holdings as the dollar rose 0.7 percent to $1.09 versus the euro after Citigroup described the greenback as “attractive” in a note to investors, Bloomberg reported.
The U.S. dollar has jumped 10 percent over the past year and traders are trying to determine the impact of a potential interest rate hike on the currency, according to the report.
Crude oil declined for a fifth consecutive day and the New York benchmark settled down 1.59 percent to $36.57 a barrel.
Top GovCon Index Gainers
|Symbol||Company||$ Current Price||Net Change||% Change|
|Index||Value||Net Change||% Change|
|S&P 500||2, 052.23||+4.61||+0.23%|
|Dow Jones Industrial Average||17, 574.75||+82.45||+0.47%|