Author: Ross Wilkers|| Date Published: January 14, 2016
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.
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