The GovCon Index recovered from a brief morning dip into a decline Tuesday and closed at a gain of 0.443 points to 73.042 as U.S. stocks rose in tandem with crude oil prices in New York and investors awaited a decision from Europe’s central bank on additional stimulus.
Crude futures in New York settled up 4.5 percent to $38.13 a barrel after the Energy Information Administration reported a 4.53-million-barrel decline in U.S. gasoline supplies last week compared to the analyst expectation of 1.5 million, Bloomberg reported.
According to Bloomberg, economists are at a consensus that the European Central Bank will approve a new easing measure but are uncertain over the size and scope of the package.
Top GovCon Index Gainers
| Symbol | Company | $ Current Price | Net Change | % Change |
|---|---|---|---|---|
| NAV | Navistar International | 10.92 | 0.57 | +5.51% |
| GIB | CGI Group | 43.78 | 1.50 | +3.55% |
| I | Intelsat | 2.32 | 0.07 | +3.11% |
| VEC | Vectrus | 20.32 | 0.51 | +2.57% |
| ACM | AECOM | 28.93 | 0.63 | +2.23% |
Market Summary
| Advancing GovCon Index Issues | 20 |
| Declining GovCon Index Issues | 10 |
| Unchanged GovCon Index Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 73.042 | +0.443 | +0.610% |
| S&P 500 | 1, 989.26 | +10.00 | +0.51% |
| Dow Jones Industrial Average | 17, 000.36 | +36.26 | +0.21% |
| NASDAQ | 4, 674.38 | +25.55 | +0.21% |
