The GovCon Index swung back into positive territory after an early morning decline Thursday and closed at a gain of 0.314 points to 78.927 as U.S. investors looked toward the release of Friday’s jobs report before markets open.
L-3 Communications (NYSE: LLL) hit a new 52-week high in intraday trade after the New York City-based defense contractor was selected for a nine-year, $1.9 billion contract to carry out logistics work on the Air Force‘s KC/KDC-10 refueling aircraft.
U.S. stocks have started June on a largely muted basis as investors have started to focus on the Federal Reserve‘s mid-month meeting that could feature another interest rate increase with the payrolls report due Friday as a gauge for investors to determine the central bank’s path, according to Bloomberg.
Crude oil futures in New York settled up one-half percent to $49.23 a barrel as the global Brent benchmark in London added 0.6 percent to $50.05 despite news that OPEC member countries did not agree on a production target at their meeting in Vienna.
Top GovCon Index Net Gainers
|Symbol||Company||$ Current Price||Net Change ▴||% Change|
Top GovCon Index Percentage Gainers
|Symbol||Company||$ Current Price||Net Change||% Change ▴|
* Also listed in the S&P 500 composite index
|Advancing GovCon Index Issues||22|
|Declining GovCon Index Issues||8|
|Unchanged GovCon Index Issues||0|
|Index||Value||Net Change||% Change|
|S&P 500||2, 105.26||+5.93||+0.28%|
|Dow Jones Industrial Average||17, 838.56||+48.89||+0.27%|