Executive Mosaic’s GovCon IndexÂ broke the 80-point barrier Friday for the first time in a month as the S&P 500 composite index briefly traded above a new record close in afternoon activity after the June jobs report soared past economists’ expectations.
The GovCon Index closed up 1.579 percent to 80.813 and ended the week at a 1.342-percent gain with aerospace and defense contractor CAE (NYSE: CAE) as the GCI’s lone decliner.
Five GovCon Index stocks hit 52-week highs in Friday intraday trade: Lockheed Martin (NYSE: LMT), Raytheon (NYSE: RTN), Huntington Ingalls Industries (NYSE: HII), Honeywell International (NYSE: HON) and Vectrus (NYSE: VEC).
EightÂ ofÂ the GCI’s 11 S&P 500-listed companiesÂ wereÂ inÂ the GovCon Index’s top 10 Friday gainers, the latter of which included services contractorsÂ CACI International (NYSE: CACI) and Maximus (NYSE: MMS) at respectiveÂ jumps of 2.13 and 2.9Â percent.
U.S. investors welcomed the Labor Department‘s statement that non-farm businesses added 287, 000 jobs in June that exceeded the medianÂ estimateÂ of 180, 000 in a survey conducted by Bloomberg with a 4.9-percent unemployment rate.
The return of 35, 100 Verizon workers from their strike helped the June payroll numbers, according to Bloomberg.
Top GovCon Index Net Gainers
|Symbol||Company||$ Current Price||Net ChangeÂ â´||% Change|
|LLL||L-3 Communications *||149.72||2.92||1.99%|
|HON||Honeywell International *||118.84||2.73||2.35%|
|LMT||Lockheed Martin *||251.90||2.13||0.85%|
|HRS||Harris Corp. *||84.20||1.93||2.35%|
Top GovCon Index Percentage Gainers
|Symbol||Company||$ Current Price||Net Change||% ChangeÂ â´|
*Also listed in the S&P 500 composite index
|Advancing GovCon Index Issues||29|
|Declining GovCon Index Issues||1|
|Unchanged GovCon Index Issues||0|
|Index||Value||Net Change||% Change|
|S&P 500||2, 129.90||+32.00||+1.53%|
|Dow Jones Industrial Average||18, 146.74||+250.86||+1.40%|