The GovCon Index held onto a positive close for the third consecutive session Tuesday at 0.148 points to 76.362 after a descent from a strong open to negative territory in early afternoon trade before a reversal into green.
Losses by technology shares on disappointing earnings reporters weighed on U.S. markets but were offset by gains in energy and material stocks driven by a spike in oil prices.
Crude oil futures in New York climbed 3.27 percent to $41.08 a barrel for the May contract and the benchmark will transition to the June delivery Wednesday currently priced at around $42.00 a barrel, according to CNBC.
Top GovCon Index Gainers
|Symbol||Company||$ Current Price||Net Change||% Change|
* Also listed in the S&P 500 composite index
|Advancing GovCon Index Issues||20|
|Declining GovCon Index Issues||10|
|Unchanged GovCon Index Issues||0|
|Index||Value||Net Change||% Change|
|S&P 500||2, 100.80||+6.46||+0.31%|
|Dow Jones Industrial Average||18, 053.60||+49.44||+0.27%|