December 15 Market Close: GovCon Index Slips, Oil Prices Continue Plunge

The GovCon Index started the last full week before the Christmas and New Year holidays with a slight decline of 0.299 points — or 0.444 percent — to close at 67.649 on Monday. Oil prices continued to garner much of the attention from investors and the price-per-barrel of crude oil on the New York Mercantile Exchange set a new five-year low, according to CNBC. The Dow Jones Industrial...

FMR Cuts CSC Share to 4.86%

FMR LLC has slashed its share in Computer Sciences Corp. (NYSE: CSC) to 4.86 percent, Washington Business Journal reported Thursday. Jill Aitoro writes the Fidelity parent company trimmed its stake to 6.82 million shares, down from 15.95 million shares in September. FMR increased its investment in CSC to nearly 13 percent in mid-2014, according to the report. LinkedInTweet+1E-mail

December 3 Market Close: GovCon Index Continues Climb

The GovCon Index continued its post-Thanksgiving climb for a second consecutive day with a Wednesday closing figure of 70.834 — an increase of 0.799 percent, or 0.571 points from Tuesday. Investors reacted to a report from the ADP Research Institute that says companies added 208,000 employees during November and that payrolls have grown by at least 200,000 in seven of the previous eight months,...

December 1 Market Close: GovCon Index Starts Month With Loss

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 24 Market Close: GovCon Index Starts Thanksgiving Week With Increase

The GovCon Index kicked off the week of Thanksgiving with a Monday close of 70.122 — up 0.74 percent from Friday’s trading day. According to Bloomberg, investors reacted with confidence to data that signals growth in the U.S. services sectors and consumer confidence, as well as the Chinese central bank’s move last week to cut interest rates. Bloomberg also estimates that profit...

November 20 Market Close: GovCon Index Stays Flat, US Stocks Rise

The GovCon Index recorded a nominal increase Thursday to close at 69.118 — 0.005 percent up from Wednesday. Bloomberg reported that energy and small-cap shares drove gains across the U.S. stock market Tuesday, increases that offset investors’ worries over weak growth worldwide. A purchasing managers’ index for factories and services activity in the Eurozone reached its lowest...

November 19: GovCon Index Shows Little Change as Fed Releases Policy Meeting Minutes

The GovCon Index remained flat from Tuesday’s closing figure as the index declined 0.341 percent to close at 69.115. Stocks held relatively level after the release of the Federal Reserve’s policy meeting minutes that indicated the central bank wants to keep interest rates low and that the Fed is still concerned over medium-term inflation, CNBC reported. Fed members expect inflation to...

November 17 Market Close: GovCon Index Kicks Week Off With Small Loss

The GovCon Index started the new trading week with a Monday close of 68.753 — a decline of 0.247 percent, or 0.169 points. Stocks on the three major market indices remained level as well in a day that saw reports surface of Japan’s extended recession and a decrese in small-cap shares, according to Bloomberg’s market summary. Bloomberg also cited U.S. economic data that showed a...

November 11 End of Day Report: GovCon Index Stays Level With Monday’s Close

The GovCon Index closed Tuesday at 68.348 — a tiny increase of 0.154 percent, or 0.105 points. Bloomberg said in its market summary that Tuesday’s trading day saw the three major stock indices record a fifth consecutive day of gains on the back of increases by homebuilder shares. The S&P 500 composite index ended Tuesday’s trading day with a 0.1-percent increase to 2,039.75...

Report: Larry Prior to Head CSC’s NA Public Sector Arm in Reorg

Larry Prior
Larry Prior According to the Washington Business Journal: Larry Prior, who joined Computer Sciences Corp. (NYSE: CSC) in May 2013 to run the defense and intelligence business, has been appointed to lead the company’s North American public sector business as part of a reorganization move. David Zolet Jill Aitoro reports that as part of the realignment, David Zolet will assume leadership...