The 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|
|Advancing GovCon Index Issues||20|
|Declining GovCon Index Issues||10|
|Unchanged GovCon Index Issues||0|
|Index||Value||Net Change||% Change|
|S&P 500||1, 989.26||+10.00||+0.51%|
|Dow Jones Industrial Average||17, 000.36||+36.26||+0.21%|