The GovCon Index turned around losses incurred during the morning session Tuesday but fell late afternoon to end at a nominal decline of 0.022 points to 77.949.Index stock Harris Corp. (NYSE: HRS) rose 1.62 percent to $81.00 after the military radio maker posted third quarter earnings above the consensus Wall Street forecast.
Energy shares led the rebound in the S&P 500 composite index and registered an overall gain for the fifth consecutive day as oil futures settled at up 3.68 percent to $47.84 in New York, according to Bloomberg.
Traders have pegged the odds of an interest rate increase this year at more than 50 percent, Bloomberg said.
Top GovCon Index Gainers
| Company | $ Current Price | $ Change | % Change |
|---|---|---|---|
| Serco Group | 1.535 | +0.085 | +5.862% |
| Navistar International | 13.52 | +0.52 | +4.00% |
| CGI Group | 38.93 | +1.15 | +3.04% |
| Intelsat | 6.36 | +0.15 | +2.42% |
| Harris Corp. | 81.00 | +1.29 | +1.62% |
Market Summary
| Advancing Issues | 16 |
| Declining Issues | 13 |
| Unchanged Issues | 1 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 77.949 | -0.022 | -0.028% |
| S&P 500 | 2, 109.78 | +5.73 | +0.27% |
| Dow Jones Industrial Average | 17, 918.15 | +89.39 | +0.50% |
| NASDAQ | 5, 145.13 | +17.98 | +0.35% |
