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Tag Archives: hii

June 22 Market Close: GCI, US Stocks End in Narrow Range on Last Pre-Brexit Vote Trading Day

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The GovCon Index hit choppy trade in the afternoon after a strong open Wednesday and recorded a nominal gain of 0.004 points to 79.194 to mark its second straight day with a close in narrow negative range in the final full trading session for U.S. investors before Thursday’s Brexit vote. British citizens will head to the polls for …

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June 21 Market Close: GovCon Index Narrowly Down, US-Focused Contractors Gain in Brexit-Dominated Trade

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The GovCon Index fell into narrow range in afternoon trade Tuesday and closed at a nominal loss of 0.099 points to 79.190 as global investors continued to gauge the possibility of Britain’s departure from the European Union in a Thursday referendum there with new polls indicating a close vote either way. Many lead …

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June 20 Morning Report: GovCon Index Drops Amid Market Reaction to Upcoming ‘Brexit’ Vote

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The GovCon Index closed Friday with a 0.435-point decline to 78.356 and posted a loss of 1.97 percent for the week to record a third consecutive trading day in the negative and break the Index’s four-week streak of gains. GCI’s performance comes as the Federal Reserve indicated that the upcoming referendum vote on the U.K.’s potential …

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June 17 Market Close: GovCon Index Falls to Snap 4-Week Gain Streak

GovConIndexDOWN

The GovCon Index fell for a third consecutive session Friday by 0.435 points to 78.356 in a close that snaps the GCI’s four-week gain streak as market activity was shaped by continued reaction to the latest Federal Reserve interest rate outlook and uncertainty over the Brexit referendum. The GCI recorded a weekly decline of …

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June 15 Market Close: GovCon Index, US Stocks Choppy as Fed Holds Line on Interest Rates

GovConIndexDOWN

The GovCon Index hit choppy trade in the late afternoon session Wednesday and closed at a narrow loss of 0.094 points to 78.850 as investors examined the Federal Reserve‘s latest policy statement that left current interest rates unchanged. Central bank leaders held the federal funds rate at between one-quarter and one-half …

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HII Names Michael Lempke VP of Newport News Shipbuilding’s Energy Programs

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Huntington Ingalls Industries (NYSE: HII) has named Michael Lempke, previous Systems, Planning and Analysis vice president of integrated strategic decision support, as vice president of the Newport News Shipbuilding division’s energy programs. Lempke will succeed Pete Diakun, who will retire at the end of 2016, and oversee the shipyard’s energy programs strategy, HII said …

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June 9 Market Close: GovCon Index Flat, US Stocks Post Little Change in Investor Outlook Reset

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The GovCon Index attempted an afternoon reversal from its morning decline Thursday and closed at a nominal loss of 0.004 points to 80.493 as U.S. investors paused their recent stretch of optimism before the Federal Reserve‘s policy meeting next week and other key events to gauge the global economy. Thursday ends the …

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June 8 Market Close: GCI Hits 80, Extends Gain Streak to 6th Day as HII & L-3 Hit 52-Week Highs

GovConIndexUP

The GovCon Index held positive for a sixth consecutive full trading session Wednesday with a gain of 0.751 points to 80.497 and achieved its first close above 80 points in 16 months. A weakening dollar helped lift U.S. stocks and multinational corporations in particular as commodities such as copper, gold and …

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June 1 Market Close: GovCon Index, US Stocks Inch Upward on Economic Reports

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The GovCon Index started the month of June with a gain of 0.507 points to 78.613 Wednesday as U.S. investors digested several reports to gauge the country’s economy ahead of Friday’s jobs report and Federal Reserve Chair Janet Yellen’s Monday speech. Lockheed Martin (NYSE: LMT) added $1.85 — or 0.78 percent — despite a downgrade …

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May 31 Market Close: GCI Declines, Ends 4th Straight Month in Positive as New Tanker Delay Drags Boeing Shares

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The GovCon Index posted a decline of 0.398 points to 78.106 Tuesday on losses by Boeing (NYSE: BA) and other large defense prime contractors but ended at a gain for May to record its fourth straight month of positive movement. The Index rose 2.523 percent for May and has climbed 7.763 percent …

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