December 16 Market Close: GovCon Index Records Nominal Loss, Investors Eye Possible Fed Move

GovConIndex
The GovCon Index extended its current stretch of declines into a third consecutive day with a nominal loss of 0.154 points to close at 67.411 on Tuesday. Investors will keep an eye on the Federal Reserve’s impending decision later this week on whether to change their policy statement and be more open to an interest rate increase next year, according to Reuters. The Dow Jones Industrial Average...

December 1 Market Close: GovCon Index Starts Month With Loss

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The GovCon Index kicked off the final month of 2014 with a decline of 0.826 percent — or 0.574 points — to 70.058 on Monday. Lower-than-expected sales over Thanksgiving weekend and a decline in Supply Management’s national factory activity index for October drove stock prices downward, CNBC reported. Laggers led gainers by a three-to-one ratio for companies that trade on the...

November 17 Morning Report: GovCon Index to Open at 68.933

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The GovCon Index ended trading Friday at 68.933, down by 0.086 percent, or 0.059 points, from Thursday’s close. The Dow Jones Industrial Average declined 0.1 percent to 17634.74, while the S&P 500 composite index increased 0.02 percent to 2039.82 and the NASDAQ composite index grew 0.18 percent to 4688.54.   Top Percentage Gainers Company Stock Price $ Change % Change Maximus $52.57 $2.35 4.68% CGI...

November 14 Market Close: GovCon Index Ends Week With Nominal Decline

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The GovCon Index did not make it five-for-five on positive closing figures for this week as it ended Friday’s trading day at 68.933 — a decrease from Thursday’s figure by 0.086 percent, or 0.059 points. A mixed day reflected investors’ attitude toward improved consumer confidence numbers and a 0.3 percent increase in retail sales for October, according to CNBC’s market...

November 13 Market Close: GovCon Index Extends Week of Gains

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The GovCon Index ended Thursday’s trading day at 68.992 — an increase of 0.626 percent from Wednesday and a close that represents the index’s fourth straight day of nominal gains. Bloomberg cited corporate deals and a positive earnings report from Walmart as among the factors that offset downturns in energy stocks and small caps across the stock market. The S&P 500 closed one...

Cheryl Cook: CGI-Dell Team to Offer Cloud Products for Public, Private Sectors

Cloud
CGI Group (NYSE: GIB) and Dell have formed a long-term alliance to jointly develop cloud computing technologies in a push to help government and business customers leverage managed virtual desktop integration, enterprise access management and analytics functions. Cheryl Cook, vice president and general manager of channel and alliances at Dell, said Wednesday that the alliance will deliver the products...

November 10 Morning Report: GovCon Index to Open at 68.027

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The GovCon Index closed Friday at 68.027 points, a decrease from Thursday’s trading by 0.459 points — or 0.679 percent. Bloomberg reported relatively flat figures on the stock market after new economic data showed a dip in the unemployment rate during October to a six-year low and job creation figures for the month that were lower than many economists expected. The Dow Jones Industrial...

November 7 End of Day Report: GovCon Index Down on Thursday’s Close

GovConIndex
The GovCon Index closed Friday at 68.027 points, a decrease from Thursday’s trading by 0.459 points — or 0.679 percent. Bloomberg reported relatively flat figures on the stock market after new economic data showed a dip in the unemployment rate during October to a six-year low and job creation figures for the month that were lower than many economists expected. The Dow Jones Industrial...

October 28 Morning Report: GovCon Index Up on Monday’s Close

GovConIndex
The GovCon Index closed Monday at 66.193, up 0.200 or 0.301 percent. Top Percentage Gainers Company Stock Price % Change ICF International Inc. 34.11 1.82% Orbital 29.51 1.65% CGI Group Inc. 33.83 1.41% Raytheon Co. 99.37 1.27% Exelis Inc. 16.99 1.25% Market Summary Advancing Issues 19 (63.33%) Declining Issues 10 (33.33%) Unchanged Issues 1 (3.33%) The Executive Mosaic GovCon...

Richard Jacik to Lead Acentia’s Health Arm as Sector Exec, SVP

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Richard Jacik, formerly vice president and senior account executive at CGI (NYSE: GIB), has joined Acentia as senior vice president and sector executive for health, succeeding the retiring Mike Raymond. He will report to Robert McCord, president and chief operating officer, as he manages business strategy for the health sector and the company’s contracts and business development, Acentia said...