The GovCon Index snapped a three-day streak of declines Thursday with a gain of 0.319 points to 76.970 and the larger U.S. stock market also ended its four-day stretch of losses.
U.S. investors also looked to build up their currency holdings as the dollar rose 0.7 percent to $1.09 versus the euro after Citigroup described the greenback as “attractive” in a note to investors, Bloomberg reported.
The U.S. dollar has jumped 10 percent over the past year and traders are trying to determine the impact of a potential interest rate hike on the currency, according to the report.
Crude oil declined for a fifth consecutive day and the New York benchmark settled down 1.59 percent to $36.57 a barrel.
Top GovCon Index Gainers
| Symbol | Company | $ Current Price | Net Change | % Change |
|---|---|---|---|---|
| SAIC | SAIC | 48.97 | +1.24 | +2.60% |
| GIB | CGI Group | 42.25 | +1.05 | +2.55% |
| I | Intelsat | 4.13 | +0.08 | +1.98% |
| MCK | McKesson Corp. | 190.48 | +3.42 | +1.83% |
| CSRA | CSRA | 28.54 | +0.46 | +1.64% |
Market Summary
| Advancing Issues | 19 |
| Declining Issues | 10 |
| Unchanged Issues | 1 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 76.970 | +0.319 | +0.416% |
| S&P 500 | 2, 052.23 | +4.61 | +0.23% |
| Dow Jones Industrial Average | 17, 574.75 | +82.45 | +0.47% |
| NASDAQ | 5, 045.17 | +22.31 | +0.44% |
