January 5 Market Close: GovCon Index Rides Afternoon Surge to 1% Gain in Volatile Trade

GovConIndexUPThe GovCon Index bounced wildly in and out of positive territory Tuesday morning and sharply rose in the afternoon session to close at a gain of 1.259 percent to 76.801.

The S&P 500 composite index turned negative in the early afternoon session from a volatile morning period then swung again to a gain of almost 1 percent between 2 p.m. and 3 p.m. Eastern before a sharp move down to end with a nominal gain at the closing bell.

U.S. investors continued to weigh concern over economic growth prospects in China and the potential of disinflation in Europe in light of the Federal Reserve‘s mid-December move to raise interest rates, Bloomberg reported.

Crude oil futures in New York declined 2.5 percent to $35.86 a barrel on speculation the U.S. government will report an increase in the country’s inventory, according to Bloomberg.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
ICFI ICF International 35.44 +1.12 +3.26%
OA Orbital ATK 91.99 +2.70 +3.02%
RTN Raytheon * 125.81 +3.20 +2.61%
NOC Northrop Grumman * 192.39 +4.88 +2.60%
LMT Lockheed Martin * 218.26 +5.05 +2.37%

* Also listed in the S&P 500 composite index

Market Summary

Advancing Issues 24
Declining Issues 5
Unchanged Issues 1
Index Value Net Change % Change
GovCon Index 76.801 +0.955 +1.259%
S&P 500 2, 016.71 +4.05 +0.20%
Dow Jones Industrial Average 17, 158.66 +9.72 +0.06%
NASDAQ 4, 891.43 -11.66 -0.24%

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