December 29 Market Close: GovCon Index Rebounds, On Course for 10% Yearly Gain

GovConIndexUPThe GovCon Index recovered ground with the larger U.S. financial market Tuesday with a gain of 0.590 points to 78.263 and remains on track for a year-to-date gain of 10 percent with one-and-a-half trading days left in 2015.

As of Tuesday’s close, the Index has risen 10.81 percent from its Dec. 31, 2014, close of 70.629 on a strong fourth-quarter rally from a bleak and volatile July-September period.

U.S. investors snapped up energy stocks that have suffered large losses in 2015 and put the S&P 500 back into positive territory for 2015 at a nearly 1-percent gain on a year-to-date basis, according to the Wall Street Journal.

Volume has been light on markets over the past week due to the Christmas and New Year’s holiday as traders continue to consider commodity declines, slow growth prospects and the Federal Reserve’s interest rate hike, the Journal said.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
SAIC SAIC 46.74 +1.29 +2.84%
ICFI ICF International 36.11 +0.76 +2.15%
BA Boeing 147.35 +2.81 +1.94%
GIB CGI Group 41.02 +0.65 +1.61%
OA Orbital ATK 90.98 +0.47 +1.59%

Market Summary

Advancing Issues 28
Declining Issues 2
Unchanged Issues 0
Index Value Net Change % Change
GovCon Index 76.636 +0.171 +0.220%
S&P 500 2, 078.36 +21.86 +1.06%
Dow Jones Industrial Average 17, 720.98 +192.71 +1.10%
NASDAQ 5, 107.94 +66.95 +1.33%

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