June 6 Market Close: GovCon Index, US Stocks Rise on Janet Yellen’s Upbeat Economic Message

GovConIndexUPThe GovCon Index kicked off the first full trading week of June on a positive note with a gain of 0.516 points to 79.534 as U.S. markets appeared unmoved by Federal Reserve Chair Janet Yellen’s hint at further interest rate increases this year.

Yellen told an audience at the World Affairs Council of Philadelphia the central bank views the U.S. economy as moving in a positive direction despite Friday’s May jobs numbers that missed analyst forecasts, according to Reuters.

She gave no firm timeline for when the next rate hike would happen and traders expect the Fed to move in either September or July, Reuters reported.

Top GovCon Index Net Gainers

Symbol Company $ Current Price Net Change ▴ % Change
BA Boeing* 131.90 +4.52 +3.55%
CACI CACI International 100.85 +1.50 +1.51%
HRS Harris Corp.* 80.93 +0.94 +1.18%
COL Rockwell Collins 88.48 +0.91 +1.04%
CUB Cubic Corporation 41.42 +0.88 +2.17%

Top GovCon Index Percentage Gainers

Symbol Company $ Current Price Net Change % Change ▴
NAV Navistar International 12.16 +0.74 +6.48%
BA Boeing* 131.90 +4.52 +3.55%
EGL Engility Holdings 23.75 +0.68 +2.95%
CUB Cubic Corp. 41.42 +0.88 +2.17%
ACM AECOM 32.56 +0.57 +1.78%

* Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 25
Declining GovCon Index Issues 5
Unchanged GovCon Index Issues 0
Index Value Net Change % Change
GovCon Index 79.018 +0.091 +0.115%
S&P 500 2, 109.41 +10.28 +0.49%
Dow Jones Industrial Average 17, 920.33 +113.27 +0.64%
NASDAQ 4, 968.71 +26.20 +0.53%

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