Hello, Guest!
  • Wednesday, December 25, 2024

February 1 Morning Report: GovCon Index Recovers From Correction


GovConIndexUPThe GovCon Index closed Friday with a 2.643-percent gain to 71.807 to surge out of correction territory.

The gain comes amid a recovery in technology stocks and investor optimism on a slowdown of future interest rate increases by the Federal Reserve.

 

Top GovCon Index Gainers

Symbol Company $ Current Price Net Change % Change
NAV Navistar International 7.27 +0.52 +7.70%
HON Honeywell International* 103.20 +5.23 +5.34%
RTN Raytheon* 128.24 +6.06 +4.96%
ICFI ICF International 34.21 +1.58 +4.84%
HII Huntington Ingalls Industries 127.88 +5.43 +4.43%

*Also listed in the S&P 500 composite index

Market Summary

Advancing GovCon Index Issues 28
Declining GovCon Index Issues 1
Unchanged GovCon Index Issues 1
Index Value Net Change % Change
GovCon Index 71.807 +1.849 +2.643%
S&P 500 1, 940.24 +46.88 +2.48%
Dow Jones Industrial Average 16, 466.30 +396.66 +2.47%
NASDAQ 4, 613.95 +107.28 +2.38%

Video of the Day

Related Articles

State Department Approves Proposed $2B Training Contract for AUKUS Personnel News

State Department Approves Proposed $2B Training Contract for AUKUS Personnel

The Department of State approved a proposed $2 billion sale of devices, equipment and other services to support a training program under the Australia-United Kingdom-United States, or AUKUS, trilateral security alliance for the Indo-Pacific region. The Defense Security Cooperation Agency announced Friday that the foreign military sale to the Australian government will be fulfilled by

HII Technical Solutions Now Operates as Mission Technologies; Andy Green, Todd Borkey Quoted News

HII Technical Solutions Now Operates as Mission Technologies; Andy Green, Todd Borkey Quoted

Huntington Ingalls Industries, which now operates as HII (NYSE: HII) as part of a rebranding effort, changed the name of its Technical Solutions division to Mission Technologies after a series of acquisitions and the expansion of its national security capabilities. Andy Green, an executive vice president of HII, will serve as president of HII’s Mission

Navy Selects HII’s Remus 300 as Next-Gen Small UUV Program of Record; Andy Green Quoted Contract Awards

Navy Selects HII’s Remus 300 as Next-Gen Small UUV Program of Record; Andy Green Quoted

The U.S. Navy has selected the Remus 300 unmanned underwater vehicle from Huntington Ingalls Industries (NYSE: HII) as the military service’s next generation small UUV program of record. HII photo The branch made the selection after a rapid prototyping initiative that ran for two years and will move the Lionfish SUUV program forward with UUV