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Tag Archives: labor department

August 7 Market Close: GovCon Index Dips, Earnings News Lifts Engility, US Stocks Down

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The GovCon Index failed to hold its gains from the week’s worth of trading as it closed Friday with a loss of 0.258 points to 76.239. Engility Corp. (NYSE: EGL) shares skyrocketed 37.92 percent to 30.44 Friday after the government services contractor reported second quarter earnings that surpassed Wall Street’s consensus forecasts. Continued ...

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May 8 Market Close: GovCon Index, US Markets Rally 1% on Jobs Report

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The GovCon Index recovered an entire week’s worth of losses Friday with a rally of 1.046 percent to close at 73.943. All major U.S. stock indices recorded gains of at least 1 percent after April’s employment report from the Labor Department showed the country added 223,000 jobs during the month, which the Wall ...

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April 6 Market Close: GovCon Index Starts Post-Easter Week With 1% Gain

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The GovCon Index rose 0.604 percent Monday to close at 69.261 on a day that saw low-trading activity by U.S. investors and many other markets worldwide closed for Easter Monday. U.S. traders had an extra day to consider the Labor Department‘s March payrolls report since markets were closed for Good Friday and will watch initial ...

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April 2 Market Close: GovCon Index Inches Up, Traders Eye Iran Talks

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The GovCon Index closed on a nominal rise Thursday — up 0.062 points to 68.857 — and recorded an even 15-15 split between risers and fallers. The final trading day of the week saw news of a possible nuclear agreement between Iran and major world powers weigh on investors, who largely want to see ...

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March 26 Market Close: GovCon Index Snaps 3-Day Loss Streak, Yemen News Sends Oil Price Up

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The GovCon Index  closed in positive territory Thursday for the first time in three days with a nominal gain of 0.280 points to 68.467. News that Saudi Arabia and its Middle East allies started a military operation in Yemen helped drive crude oil futures up 4 percent to $51.43 per barrel, CNBC reported. ...

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January 29 Market Close: GovCon Index Rallies 1%, Jobless Claims Dip

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The GovCon Index recovered some ground from a three-day stretch of losses Thursday with a gain of 0.868 points — or 1.191% percent — to close at 72.081. Boeing (NYSE: BA) was the index’s largest gainer at 5.8 percent or a second straight day and Northrop Grumman‘s (NYSE: NOC) stock jumped 2.16 percent after the company said profit ...

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January 8 Market Close: GovCon Index Jumps 1.7%, Investors Await Payroll Report

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The GovCon Index continued to recover lost ground from its most recent stretch of losses with a gain of 1.744 percent — or 1.265 points — to close at 71.301 on Thursday. U.S. stocks recorded gains across the board as investors reacted to comments from Charles Evans, president of the Federal Reserve ...

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December 8 Morning Report: GovCon Index Posts Gains at Friday’s Close

GovConIndex

The GovCon Index closed at 70.063 on Friday, an increase of 0.541 percent, or 0.386 points, from Thursday trading.   The Dow Jones grew 0.33 percent to close at 17,958.79, the Standard & Poor’s 500 recorded a 0.02 percent gain to 2,072.30 and the NASDAQ increased 0.11 percent to 4,774.59. Reuters attributed the positive trading Friday to a ...

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