February 1 Morning Report: GovCon Index Recovers From Correction

February 1 Morning Report: GovCon Index Recovers From Correction


GovConIndexUPThe GovCon Index closed Friday with a 2.643-percent gain to 71.807 to surge out of correction territory.

The gain comes amid a recovery in technology stocks and investor optimism on a slowdown of future interest rate increases by the Federal Reserve.

 

Top GovCon Index Gainers

SymbolCompany$ Current PriceNet Change% Change
NAVNavistar International7.27+0.52+7.70%
HONHoneywell International*103.20+5.23+5.34%
RTNRaytheon*128.24+6.06+4.96%
ICFIICF International34.21+1.58+4.84%
HIIHuntington Ingalls Industries127.88+5.43+4.43%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues28
Declining GovCon Index Issues1
Unchanged GovCon Index Issues1
IndexValueNet Change% Change
GovCon Index71.807+1.849+2.643%
S&P 5001, 940.24+46.88+2.48%
Dow Jones Industrial Average16, 466.30+396.66+2.47%
NASDAQ4, 613.95+107.28+2.38%

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