The GovCon Index received a boost from large defense primes on a rebound in commodity prices Tuesday to close at a surge of 1.245 percent to a new three-month high of 78.322, which also extends the GCI’s current streak of gains to four sessions.
Colorado Springs-based technology and communications services contractor Vectrus (NYSE: VEC) was scheduled to release its first-quarter financial results after the close of U.S. markets Tuesday.
The S&P 500 composite index that also includes 11 GCI stocks posted its largest gain in almost a month on recoveries in raw material commodities such as zinc and nickel with crude oil also up, according to Bloomberg.
Crude futures in New York jumped 2.8 percent to $44.65 a barrel on reports that supply from Nigeria and Libya could see disruptions, Bloomberg reported.
Top GovCon Index Net Gainers
|Symbol||Company||$ Current Price||Net Change ▴||% Change|
|HII||Huntington Ingalls Industries||156.17||+1.81||+1.17%|
* Also listed in the S&P 500 composite index
Top GovCon Index Percentage Gainers
|Symbol||Company||$ Current Price||Net Change||% Change ▴|
|Advancing GovCon Index Issues||26|
|Declining GovCon Index Issues||4|
|Unchanged GovCon Index Issues||0|
|Index||Value||Net Change||% Change|
|S&P 500||2, 084.39||+25.70||+1.25%|
|Dow Jones Industrial Average||17, 928.35||+222.44||+1.26%|