February 22 Market Close: GovCon Index Up on Strong Day For All Markets

The GovCon Index climbed significantly today closing at 72.232 up 1.114 percent, pulling itself out of correction.

All three markets — the Dow Jones Industrial, S&P 500 and the Nasdaq Composite — all showed robust gains approaching 1.50 percent, with WTI crude oil closing up 6.21 percent to $31.48.

As reported by CNBC, Honeywell (NYSE:HON) and United Technologies Corp. (NYSE: UTX) have held talks about the possibility of a merger that would form a $94 billion organization.

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*Also listed in the S&P 500 composite index

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