January 14 Market Close: GovCon Index Rallies 1% Despite Global Market Declines

The GovCon Index showed signs of life Thursday with a gain of 1.105 percent to 73.040 amid further turmoil in international financial markets as U.S. stocks also rallied amid global losses.

The S&P 500 rose 1.67 percent to show its largest gain in almost six weeks and go back above the 1, 900 mark.

Crude oil futures in New York settled up 2.4 percent to $31.20 a barrel, brent crude in London climbed 1.7 percent to $30.82 a barrel and energy stocks responded with a gain of nearly 5 percent, according to Bloomberg.

Investors also welcomed comments from St. Louis Federal Reserve President James Bullard to play down expectations on another interest rate hike, Bloomberg reported.

Top GovCon Index Gainers

Symbol	Company	$ Current Price	Net Change	% Change
MCK	McKesson Corp.*	164.78	+6.94	+4.40%
LDOS	Leidos Holdings	55.82	+2.07	+3.85%
I	Intelsat	3.11	+0.09	+2.98%
ICFI	ICF International	34.14	+0.98	+2.96%
MMS	Maximus	53.56	+1.34	+2.57%