Author: David Smith|| Date Published: March 28, 2017
As of 3:00 PM (EST) the Executive Mosaic’s GovCon Index reversed its three day downward trend to post positive gain of 0.846 to 91.969.
The major indices were all up on the day with the S&P500 at 2,361.81 up 20.04 points, the DJIA reaching 20,719.45 up 172.67 points, and the NASDAQ up 44.57 points to 5,884.95. Consumer confidence reached a 16 year high in March and was reflected in stock activity.
GovCon Index advancers are outpacing decliners 29 to 1.
On the day WTI broke through the $48 barrier to $48.37 up 0.64 as Libya cut oil exports which helped address the concerns about an oil glut.
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