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

The 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%