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April 13 Market Close: GovCon Index Hits 75 for First Time in 2016 on 1% Surge

GovConIndexUPThe GovCon Index rode across-the-board positive activity in U.S. markets Wednesday with a gain of 1.224 percent to 75.399, which represents the GCI’s first close above 75 points this year so far under its current 30-company composition.

First-quarter earnings from JPMorgan that topped analyst estimates drove the S&P 500 composite index to fully reverse its year-to-date decline, and traders also welcomed data that showed China exports showed an increase in March for the first time in nine months, according to Reuters.

Financial stocks in the S&P 500 posted a 2-percent gain and investors await more financial results from banks this week, Reuters reported.

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
I Intelsat 2.81 +0.23 +8.91%
EGL Engility Holdings 18.32 +0.51 +2.86%
NAV Navistar International 12.35 +0.33 +2.75%
GIB CGI Group 48.91 +0.92 +1.92%
MMS Maximus 47.96 +0.82 +1.74%

Market Summary

Advancing GovCon Index Issues 25
Declining GovCon Index Issues 5
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 75.399 +0.912 +1.224%
S&P 500 2, 082.42 +20.70 +1.00%
Dow Jones Industrial Average 17, 908.28 +187.03 +1.06%
NASDAQ 4, 947.42 +75.33 +1.55%

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