January 23 Market Close: GovCon Index Ticks Up, US Stocks Have Mixed Day

GovConIndexUP
The GovCon Index held relatively level against a mixed day of results in the U.S. stock market and recorded a slight gain of 0.211 points — or 0.290 percent — to close at a new all-time high of 72.557 on Friday. Disappointing earnings results from companies such as UPS and Kimberly-Clark offset investor confidence in the European Central Bank’s latest stimulus decision, Bloomberg...

January 20 Market Close: GovCon Index Holds Up, Investors Await Euro Bank Move

GovConIndexUP
The GovCon Index recorded a 50-50 split of gainers and laggers Tuesday to reach a nominal gain of 0.237 points — or 0.170 percent — to close at 71.291. A reduction in the International Monetary Fund’s worldwide growth forecasts for 2015 and 2016 was balanced by technology sector gains willingness among investors to hold back from more aggressive moves until the European Central...

January 20 Morning Report: GovCon Index Scores Gain on Friday’s Close

GovConIndexUP
The GovCon Index ended a week of trading with an increase of 0.711 points (0.990%) to close at 71.121 on Friday. The Dow Jones Industrial Average reported a 1.10 percent gain to 17,511.57, the Standard & Poor’s 500 rose 1.34 percent to 2,019.42 and the NASDAQ composite index jumped 1.39 percent to 4,634.38. Top Percentage Gainers   Company   Stock Price   $ Change   % Change  ...

January 16 Market Close: GovCon Index Ends Week With Increase, Oil Jumps 5%

GovConIndexUP
The GovCon Index ended the trading week with a gain of 0.711 points — or 0.990 percent — to close at 71.121 on Friday. Energy stocks recovered ground as the price of crude oil increased 4.71 percent on the New York Mercantile Exchange to close at $48.43 and the ratio of gainers-to-laggers on the New York Stock Exchange was nearly three-to-one, CNBC reports. The Dow Jones Industrial...

January 15 Market Close: GovCon Index Dips, Banking Sector Losses Drag US Stocks

GovConIndexDOWN
The GovCon Index recorded a nominal loss of 0.267 points — or 0.381 percent — to close at 70.408 on Thursday. A 1.1-percent decline in the S&P financial sector and worries over how global economic weakness could affect U.S. corporate earnings drove U.S. stocks down, according to Reuters. The Dow Jones Industrial Average fell 106.38 points to 17,322.51, the S&P 500 composite index...

David Savner to Co-Chair Engility Board Upon TASC Deal’s Closure; Tony Smeraglinolo Comments

Engility-logo
David Savner, a board member at Engility Holdings (NYSE: EGL) since 2012, will serve as a non-executive co-chairman of the company’s board of directors upon its $1.1 billion acquisition of TASC. Engility said Tuesday Savner will lead the board with current TASC Chairman Peter Marino after the deal closes, which could occur within the current quarter of this calendar year. Current Board Chairman...

January 12 Market Close: GovCon Index Falls, Investors Prep for Earnings Season

GovConIndexDOWN
The GovCon Index started the week with a loss of 0.512 points — or 0.732 percent — to close at 70.483 on Monday. Investors showed concern over continued declines in oil prices and are preparing to watch the start of quarterly earnings reports, CNBC reports. Crude futures on the New York Mercantile Exchange closed at $46.09 per barrel and traded below the $46 level for the first time...

January 5 Market Close: GovCon Index Slides as Oil Sinks to $50 Per Barrel

GovConIndexDOWN
The GovCon Index started the full week of trading for 2015 with a decline of 1.010 points — or 1.472 percent — to close at 69.620. U.S. energy stocks suffered some of the market’s biggest losses as the price of crude oil closed at $50.04 per barrel to reach the lowest figure since April 2009, according to CNBC. The Dow Jones Industrial Average fell 1.86 percent to close at 17,501.65,...

Tony Smeraglinolo: Engility to Continue ADS-B Technical Support at DOT’s Volpe Center

Tony Smeraglinolo
Tony Smeraglinolo Engility Holdings (NYSE: EGL) has received a three-year, $66 million contract to continue helping the John A. Volpe National Transportation Systems Center develop and evaluate a satellite-based air traffic control system. The company will provide management, analysis and technical services for the Automatic Dependent Surveillance-Broadcast project, Engility said Wednesday. Tony Smeraglinolo,...

December 9 Market Close: GovCon Index Stalls as Concerns Over Greece, China Weigh on Market

GovConIndex
The GovCon Index stayed largely flat Tuesday and recorded a tiny increase of 0.112 percent — or 0.079 points — to close a 70.609 on Tuesday in a mixed day across the major stock indices. Investors reacted to China’s decision to limit use of some bonds for loans and Greece’s new timeline for parliamentary elections that could see a new political party in power that opposes the...