The GovCon Index rode across-the-board positive activity in U.S. markets Wednesday with a gain of 1.224 percent to 75.399, which represents the GCI’s first close above 75 points this year so far under its current 30-company composition.
First-quarter earnings from JPMorgan that topped analyst estimates drove the S&P 500 composite index to fully reverse its year-to-date decline, and traders also welcomed data that showed China exports showed an increase in March for the first time in nine months, according to Reuters.
Financial stocks in the S&P 500 posted a 2-percent gain and investors await more financial results from banks this week, Reuters reported.
Top GovCon Index Gainers
| Symbol | Company | $ Current Price | Net Change | % Change |
|---|---|---|---|---|
| I | Intelsat | 2.81 | +0.23 | +8.91% |
| EGL | Engility Holdings | 18.32 | +0.51 | +2.86% |
| NAV | Navistar International | 12.35 | +0.33 | +2.75% |
| GIB | CGI Group | 48.91 | +0.92 | +1.92% |
| MMS | Maximus | 47.96 | +0.82 | +1.74% |
Market Summary
| Advancing GovCon Index Issues | 25 |
| Declining GovCon Index Issues | 5 |
| Unchanged GovCon Index Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 75.399 | +0.912 | +1.224% |
| S&P 500 | 2, 082.42 | +20.70 | +1.00% |
| Dow Jones Industrial Average | 17, 908.28 | +187.03 | +1.06% |
| NASDAQ | 4, 947.42 | +75.33 | +1.55% |
