March 9 Market Close: GovCon Index Bounces Back From AM Dip, Crude Rises as Traders Await Euro Bank Decision

GovConIndexUPThe GovCon Index recovered from a brief morning dip into a decline Tuesday and closed at a gain of 0.443 points to 73.042 as U.S. stocks rose in tandem with crude oil prices in New York and investors awaited a decision from Europe’s central bank on additional stimulus.

Crude futures in New York settled up 4.5 percent to $38.13 a barrel after the Energy Information Administration reported a 4.53-million-barrel decline in U.S. gasoline supplies last week compared to the analyst expectation of 1.5 million, Bloomberg reported.

According to Bloomberg, economists are at a consensus that the European Central Bank will approve a new easing measure but are uncertain over the size and scope of the package.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
NAV Navistar International 10.92 0.57 +5.51%
GIB CGI Group 43.78 1.50 +3.55%
I Intelsat 2.32 0.07 +3.11%
VEC Vectrus 20.32 0.51 +2.57%
ACM AECOM 28.93 0.63 +2.23%

Market Summary

Advancing GovCon Index Issues 20
Declining GovCon Index Issues 10
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 73.042 +0.443 +0.610%
S&P 500 1, 989.26 +10.00 +0.51%
Dow Jones Industrial Average 17, 000.36 +36.26 +0.21%
NASDAQ 4, 674.38 +25.55 +0.21%

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