January 28 Market Close: GovCon Index Retreats, Fed Holds to ‘Patient’ Interest Rate Line

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The GovCon Index extended its current stretch of declines to a third straight day with a loss of 0.306 points — or 0.432 percent — to close at 71.223 on Wednesday. Boeing (NYSE: BA) recorded the largest gain of any index member — a nearly 5-percent increase — after the company said revenue for its 2014 fiscal year set an all-time high. Investors weighed the Federal Reserve‘s...

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

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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%

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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...

Steve Comber Joins ManTech as Health Business SVP, GM

Steve Comber
Steve Comber Steve Comber, formerly president of Leidos‘ (NYSE: LDOS) health group, has joined ManTech International (NASDAQ: MANT) as senior vice president and general manager of the company’s federal health business unit. “Federal health (information technology) is a strategic focus for ManTech,” George Pedersen, ManTech chairman and CEO, said Tuesday. At ManTech, Comber...

January 13 Market Close: GovCon Index Gains, US Stocks Slip Over Europe Concerns

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The GovCon Index rallied with a gain of 0.425 points — or 0.302 percent — to close at 70.762 on Tuesday. Concerns over the prospects of economic growth in Europe weighed on trading activity in the U.S. and investors will watch for a potential stimulus from Europe’s central bank, the Wall Street Journal reports. The Dow Jones Industrial Average retreated 27.16 points to 17,613.68,...

January 7 Market Close: GovCon Index Reverses Downward Trend

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The GovConIndex reversed it’s downward trend closing Wednesday at 70.036, up 0.973 points, or 1.371 percent. The other indexes closed strong also with the Dow Jones industrial average at 17,584.52, up 1.23 percent, The Nasdaq composite index 4,650.47 up 1.26 percent, and the Standard & Poor’s 500 at 2,025.90, an increase of 1.16 percent. Markets rallied on positive U.S. labor and...

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

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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,...

December 22 Market Close: GovCon Index Hits 30 for 30 in 1% Climb

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The GovCon Index started the week of Christmas with a gain of 0.903 points — or 1.250 percent — to close at 71.280 on Monday. All 30 companies on the GovCon Index recorded gains in a day that saw the index extend its streak of gains to a fourth consecutive trading day. An increase in technology stocks drove the S&P 500 composite index to a new record and equities continued to rise...

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 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...