Author: Ross Wilkers|| Date Published: February 1, 2016
The GovCon Index recovered from a plunge of more than 1 percent its first hour of trade Monday to end with a loss of 0.311 points to 71.629 in activity that mirrored reversals in U.S. stocks from negative to positive.
Gains in technology shares such as Facebook and Google‘s parent Alphabet helped drive the recovery for U.S. markets despite new data that showed China’s manufacturing sector contracted in January at the fastest pace since 2012, according to Reuters.
Investors shook off that China reading and a continued slide in U.S. crude oil futures, which fell 6.42 percent to $31.46 a barrel.
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The GovCon Index recovered from a plunge of more than 1 percent its first hour of trade Monday to end with a loss of 0.311 points to 71.629 in activity that mirrored reversals in U.S. stocks from negative to positive.
