Author: Ross Wilkers|| Date Published: April 13, 2016
The GovCon Index rode across-the-board positive activity in U.S. markets Wednesday with a gain of 1.224 percent to 75.399, which represents the GCI’s first close above 75 points this year so far under its current 30-company composition.
First-quarter earnings from JPMorgan that topped analyst estimates drove the S&P 500 composite index to fully reverse its year-to-date decline, and traders also welcomed data that showed China exports showed an increase in March for the first time in nine months, according to Reuters.
Financial stocks in the S&P 500 posted a 2-percent gain and investors await more financial results from banks this week, Reuters reported.
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The GovCon Index rode across-the-board positive activity in U.S. markets Wednesday with a gain of 1.224 percent to 75.399, which represents the GCI’s first close above 75 points this year so far under its current 30-company composition.
