The latest National Employment Report from payroll processing services company ADP and Moody’s Analytics said private businesses in the U.S. added 214, 000 jobs in February, a number Reuters reported surpassed economists’ expectations of 190, 000 new positions.
According to Bloomberg, traders have priced in a 40-percent chance of a rate hike in June compared to the 26-percent odds posted last week and have the probability of a December increase at 68 percent, up from 42 percent last Wednesday.
Energy stocks and financial shares were the top gainers among sectors in the S&P 500 composite index, which rose 8.1 points, or 0.41 percent.
Top GovCon Index Gainers
Symbol | Company | $ Current Price | Net Change | % Change |
---|---|---|---|---|
I | Intelsat | 1.88 | 0.38 | 25.33% |
NAV | Navistar International | 9.27 | 0.43 | 4.86% |
OA | Orbital ATK | 84.69 | 3.78 | 4.85% |
EGL | Engility Holdings | 16.02 | 0.64 | 4.16% |
CACI | CACI International | 99.23 | 2.26 | 2.33% |
Market Summary
Advancing GovCon Index Issues | 19 |
Declining GovCon Index Issues | 11 |
Unchanged GovCon Index Issues | 0 |
Index | Value | Net Change | % Change |
---|---|---|---|
GovCon Index | 73.224 | +0.300 | +0.411% |
S&P 500 | 1, 986.45 | +8.10 | +0.41% |
Dow Jones Industrial Average | 16, 899.08 | +34.24 | +0.20% |
NASDAQ | 4, 703.42 | +13.83 | +0.29% |