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  • Sunday, April 28, 2024

September 11 Market Close: GovCon Index, US Stocks Up as Fed Anticipation Grows


GovConIndexUPThe GovCon Index held onto gains incurred in the early afternoon part of Friday’s trading session to close at a gain of 0.434 points to 72.702.

Friday was a light-volume day for U.S. markets as all three major indices recorded modest gains and investors continued to anticipate the Federal Reserve‘s meeting Wednesday and Thursday, Bloomberg reported.

Bloomberg reports traders have priced in a 28-percent chance that the central bank will raise interest rates at that meeting and a 59 percent odds of a move in December.

The S&P 500 composite index climbed 2.1 percent for its best month since July.

Executive Mosaic’s GovCon Index tracks 30 large, publicly-traded government contracting firms.

Top GovCon Index Gainers

Company$ Current Price$ Change% Change
Serco Group plc1.62+0.06+3.85%
BAE Systems28.00+0.68+2.49%
Health Net65.74+1.29+2.00%
Maximus62.26+1.22+2.00%
Northrop Grumman168.52+2.82+1.70%

Market Summary

Advancing Issues24
Declining Issues6
Unchanged Issues0
IndexValueNet Change% Change
GovCon Index72.702+0.434+0.601%
S&P 5001, 961.04+8.74+0.45%
Dow Jones Industrial Average16, 432.89+102.49+0.63%
NASDAQ4, 822.34+26.09+0.54%

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