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

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

    Author: David Smith || Date Published: February 22, 2016


    GovConIndexUPThe 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.

    Top GovCon Index Gainers

    SymbolCompany$ Current PriceNet Change% Change
    NAVNavistar8.66+0.85+10.88%
    SAICSAIC44.32+1.29+3.00%
    ACMAECOM26.77+0.71+2.72%
    TXTTextron Inc.*34.16+0.88+2.64%
    EGLEngility Holdings13.76+0.35+2.61%

    *Also listed in the S&P 500 composite index

    Market Summary

    Advancing GovCon Index Issues 25
    Declining GovCon Index Issues5
    Unchanged GovCon Index Issues0
    IndexValueNet Change% Change
    GovCon Index72.232+0.796+1.114%
    S&P 5001, 945.50+27.72+1.45%
    Dow Jones Industrial Average16, 620.66+228.67+1.40%
    NASDAQ4, 570.61+66.18+1.47%

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