The 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% |
