December 17 Market Close: GovCon Index Snaps 3-Day Skid, Fed Sends Interest Rate Signal

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The GovCon Index ended its stretch of three consecutive days of losses with a gain of 1.042 points to close at 68.453 on Wednesday. Investors reacted to the Federal Reserve’s addition of the phrase “considerable time” in its latest policy statement and comments from Fed Chair Janet Yellen that the central bank will likely not raise interest rates for the next several meetings, according...

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

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

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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...

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

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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...

December 3 Market Close: GovCon Index Continues Climb

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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 2 Market Close: GovCon Index Rebounds as Biotech, Energy Shares Drive Market

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The GovCon Index gained some ground Tuesday from the previous day’s loss with an increase of 0.387 percent — or 0.273 points — to close at 70.263. Biotechnology and energy companies were the major drivers of activity on the major stock markets and investors also drew confidence in data that showed growth in construction spending during October, according to Bloomberg. Traders...

December 1 Morning Report: GovCon Index Up; Cubic Reports Record Earnings

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The GovCon Index closed Wednesday at 70.507, a 0.35 percent increase from Tuesday, continuing its week of gains for the third day in a row heading into the Thanksgiving break. Cubic Corp. (NYSE: CUB) led Index gainers reporting positive financial results for its fourth quarter and full 2014 fiscal year ended Sept. 30, 2014. Tech companies carried U.S. major indicators, Reuters said, with the Dow...

November 26 Market Close: GovCon Index Extends Climb With Push From Cubic

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The GovCon Index continued its week of gains into a third straight day as it closed at 70.507 — a 0.35 percent increase from Tuesday. Cubic Corp. (NYSE: CUB) was the largest gainer for the Index as the company said in its earnings release it set a new quarterly revenue record. Reuters cited technology stocks as drivers of increases across the stock market and energy shares as a pressure on...

November 25 Market Close: GovCon Index Reaches New High

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The GovCon Index reached a new high to 70.341, up 0.309 percent, while both Dow Jones Industrial and S&P 500 finished slightly down -0.02 percent and -0.12 percent, respectively. The energy sector weighted on the board with oil prices hitting a four-year low.     Top Percentage Gainers Company Stock Price $ Change % Change Serco Inc.  2.71  0.131  5.08% Mantech  30.27  0.85  2.89% ICF...

November 24 Market Close: GovCon Index Starts Thanksgiving Week With Increase

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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...