Executive Mosaic’s GovCon IndexÂ recorded its best one-day gainÂ in seven weeks Monday with aÂ 2-percentÂ gain that mirrored across-the-board rallies by U.S. stocks as investors welcomed the FBI‘s weekend letter to reiterate the agency’s stance that Hillary Clinton’s email usageÂ was not a crime.
The U.S. stock bellwether S&P 500 composite index also barely fell short of a 2-percent gain on the reduced anxiety in equity markets and ended its longest streak of declines for 36 years.
GovCon Index gainers overwhelmingly topped decliners at a 9-to-1 ratio, all 11 S&P 500 companies closed greenÂ andÂ co-listed companies took the top nineÂ positions for net gainers in the GCI overall.
ThirteenÂ GovCon Index companies in total posted gains of at least $2.00 with nineÂ of those stocks listed in both indices.
The group of nine co-listed gainers of above $2.00 includedÂ Northrop Grumman (NYSE: NOC), McKesson Corp. (NYSE: MCK), Boeing (NYSE: BA), L-3 Communications (NYSE: LLL), Â Honeywell International (NYSE: HON), Â Lockheed Martin (NYSE: LMT), Â Raytheon (NYSE: RTN), Â Harris Corp. (NYSE: HRS) and General Dynamics (NYSE: GD).
Other stocks to exceed theÂ $2.00-gain barrierÂ included non-S&PÂ companiesÂ CACI International (NYSE: CACI), Huntington Ingalls Industries (NYSE: HII), Science Applications International Corp. (NYSE: SAIC) andÂ Orbital ATK (NYSE: OA).
McKesson climbed in conjunction with the S&P healthcare index’s gain of 2.17 percent.
New 52-week highs during intraday trade included Booz Allen Hamilton (NYSE: BAH) and ICF (Nasdaq: ICFI).
CAE (NYSE: CAE) andÂ KBR (NYSE: KBR)Â were the lone GovCon Index stocks to decline.
Government services contractors Vectrus (NYSE:Â VEC) and S&P 500-listedÂ CSRA (NYSE: CSRA) state quarterly financial results Wednesday with the former scheduled to report before the open and the latter after markets close.
Bloomberg reports futures traders have increased the chance of an interest rate increase in December to 82 percent from the 76-percent odds calculated Friday.
|Index||Value||Net Change||% Change|
|S&P 500||2, 131.52||+46.34||+2.22%|
|Dow Jones Industrial Average||18, 259.67||+371.39||+2.08%|
|Advancing GovCon Index Issues||28|
|Declining GovCon Index Issues||2|
|Unchanged GovCon Index Issues||0|
Top GovCon Index Net Gainers
|Symbol||Company||$ Current Price||Net ChangeÂ â´||% Change|
|NOC||Northrop Grumman *||230.06||+4.83||+2.14%|
|MCK||McKesson Corp. *||134.51||+3.75||+2.87%|
|LLL||L-3 Communications *||137.59||+3.00||+2.23%|
|HON||Honeywell International *||111.25||+3.00||+2.77%|
Top GovCon Index PercentageÂ Gainers
|Symbol||Company||$ Current Price||Net Change||% ChangeÂ â´|
LowestÂ GovCon Index Net Performers
|Symbol||Company||$ Current Price||Net ChangeÂ â¾||% Change|
LowestÂ GovCon IndexÂ PercentageÂ Performers
|Symbol||Company||$ Current Price||Net Change||% ChangeÂ â¾|