Author: Ross Wilkers|| Date Published: April 19, 2016
The GovCon Index held onto a positive close for the third consecutive session Tuesday at 0.148 points to 76.362 after a descent from a strong open to negative territory in early afternoon trade before a reversal into green.
Losses by technology shares on disappointing earnings reporters weighed on U.S. markets but were offset by gains in energy and material stocks driven by a spike in oil prices.
Crude oil futures in New York climbed 3.27 percent to $41.08 a barrel for the May contract and the benchmark will transition to the June delivery Wednesday currently priced at around $42.00 a barrel, according to CNBC.
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The GovCon Index held onto a positive close for the third consecutive session Tuesday at 0.148 points to 76.362 after a descent from a strong open to negative territory in early afternoon trade before a reversal into green.
