The GovCon Index held onto a positive close for the third consecutive session Tuesday at 0.148 points to 76.362 after a descent from a strong open to negative territory in early afternoon trade before a reversal into green.
Losses by technology shares on disappointing earnings reporters weighed on U.S. markets but were offset by gains in energy and material stocks driven by a spike in oil prices.
Crude oil futures in New York climbed 3.27 percent to $41.08 a barrel for the May contract and the benchmark will transition to the June delivery Wednesday currently priced at around $42.00 a barrel, according to CNBC.
Top GovCon Index Gainers
| Symbol | Company | $ Current Price | Net Change | % Change |
|---|---|---|---|---|
| I | Intelsat | 3.49 | +0.36 | +11.50% |
| NAV | Navistar International | 13.74 | +0.50 | +3.78% |
| BAESY | BAE Systems | 29.69 | +0.67 | +2.31% |
| CUB | Cubic Corp. | 41.17 | +0.62 | +1.53% |
| HRS | Harris Corp.* | 78.79 | +1.10 | +1.42% |
* Also listed in the S&P 500 composite index
Market Summary
| Advancing GovCon Index Issues | 20 |
| Declining GovCon Index Issues | 10 |
| Unchanged GovCon Index Issues | 0 |
| Index | Value | Net Change | % Change |
|---|---|---|---|
| GovCon Index | 76.214 | +0.522 | +0.690% |
| S&P 500 | 2, 100.80 | +6.46 | +0.31% |
| Dow Jones Industrial Average | 18, 053.60 | +49.44 | +0.27% |
| NASDAQ | 4, 940.33 | -19.69 | -0.40% |
