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Tag Archives: energy

May 3 Market Close: GovCon Index Sinks on Harris Guidance Cut, CACI’s Extended Slide as Northrop Gets Upgrade

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The GovCon Index held negative throughout Tuesday trade and closed at a decline of 0.489 points to 76.365 with Harris Corp. (NYSE: HRS) as the largest lagger after another full-year guidance cut by the military radio maker. Melbourne, Florida-based Harris fell 5.48 percent — or $4.43 — after the company reduced the 12-month revenue forecast in its …

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April 18 Morning Report: GovCon Index Caps Positive Week Amid Energy Shares Decline

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The GovCon Index closed Friday with a 0.386-point increase to 75.69, capping GCI’s third week in positive territory over the past four weeks. Energy shares saw a decline of at least 1 percent ahead of a meeting between the world’s largest oil producers Sunday to discuss measures to address a potential surplus in the global oil supply, CNBC …

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April 11 Morning Report: GovCon Index Posts Nominal Gain Friday on Energy Shares

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The GovCon Index closed Friday with a nominal gain of 0.197 points to 74.227, which gives the GCI a nominal 0.103-point decline from the previous week. While biotechnology stocks posted losses, energy shares saw a 6.6-percent climb in U.S. crude oil futures to $39.72 a barrel. Four of the five largest U.S. government contractors will …

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March 14 Market Close: GovCon Index Declines as US Stock Markets Hover Ahead of Fed 2-Day Meeting

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The GovCon Index failed to turnaround declines incurred during morning trade Monday and ended at a loss of 0.237 points to 73.743 as U.S. stocks hovered in and out of positive territory throughout the afternoon session. Investors have turned their attention to the Federal Reserve‘s two-day meeting Wednesday and Thursday with the priced-in odds …

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March 7 Market Close: GovCon Index Posts Decline, US Stocks Mixed on Tech Losses

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The GovCon Index failed to hold onto positive momentum from a midday spike barely above the gain line Monday and ended at a decline of 0.573 points to 73.385 in a mixed day for U.S. financial markets. Declines among defense product and platform manufacturers in the Index lagged compared to …

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January 6 Market Close: GovCon Index Nosedives as Oil, China Weigh on US Markets

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The GovCon Index suffered a reversal from the prior day’s gain Wednesday to close at a decline of 0.7 points — or 0.910 percent — to 76.185 as U.S. investors reacted to more oil price declines and showed continued concerns about China’s economy. The S&P 500 plunged 1.31 percent to …

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January 4 Morning Report: GovCon Index Ends 2015 Down on Oil Price Declines

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The GovCon Index closed Wednesday with a loss of 0.621 points to 77.761 on oil price declines and remains above the 10-percent mark for a gain against declines in several sectors within the S&P 500 composite index on a year-to-date basis. Crude futures in New York settled down 3.06 percent to $36.71 a barrel, while brent crude …

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December 30 Market Close: GovCon Index Retreats on 2015’s Last Full Trading Day, Traders Return to Oil Focus

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The GovCon Index held in negative territory throughout Wednesday and closed at a loss of 0.621 points to 77.761 as U.S. markets continued to be weighed down by oil price declines in both of the commodity’s major benchmarks. On a year-to-date basis, the Index remains above the 10-percent mark for a gain against declines in …

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December 29 Market Close: GovCon Index Rebounds, On Course for 10% Yearly Gain

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The GovCon Index recovered ground with the larger U.S. financial market Tuesday with a gain of 0.590 points to 78.263 and remains on track for a year-to-date gain of 10 percent with one-and-a-half trading days left in 2015. As of Tuesday’s close, the Index has risen 10.81 percent from its …

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December 28 Market Close: GovCon Index, US Stocks Held Down by Extended Energy Decline; CSRA Tops S&P 500 Gainers

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The GovCon Index failed to rebound from its Christmas Eve decline with a loss of 0.264 points to 77.554 Monday as U.S. financial markets entered the final week of trading activity for 2015. U.S. markets will be open for full sessions Tuesday and Wednesday with a half-day scheduled for Thursday in …

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