January 14 Market Close: GovCon Index Closes Down, Copper Plunge Drives US Market Losses

GovConIndexDOWN
The GovCon Index fell 0.067 points — or 0.095 percent — to close at 70.674 on Wednesday. Copper prices declined 5.7 percent to $2.4945 per pound in New York and was a factor that drove U.S. stocks to decline, according to Bloomberg. Investors showed some concern over data that showed a decline in retail sales during December, Bloomberg reports. The Dow Jones Industrial Average tumbled...

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 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 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 Bank in Chicago, who said he would not recommend an interest rate hike until 2016, the...

December 29 Morning Report: GovCon Index Up from Tuesday’s Close

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The GovCon Index ended a week of trading at 71.793 points on Friday, up 0.148 or 0.206 percent from Tuesday’s close. Reuters reported that key market indicators closed a second straight week of gains, citing a positive economic outlook. The Dow Jones industrial average gained 23.5 points, or 0.13 percent, to 18,053.71, the Standard & Poor’s 500 rose 6.89 points (33%) to 2,088.77 and the tech-heavy...

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

GovConIndex
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...

November 17 Morning Report: GovCon Index to Open at 68.933

GovConIndex
The GovCon Index ended trading Friday at 68.933, down by 0.086 percent, or 0.059 points, from Thursday’s close. The Dow Jones Industrial Average declined 0.1 percent to 17634.74, while the S&P 500 composite index increased 0.02 percent to 2039.82 and the NASDAQ composite index grew 0.18 percent to 4688.54.   Top Percentage Gainers Company Stock Price $ Change % Change Maximus $52.57 $2.35 4.68% CGI...

November 14 Market Close: GovCon Index Ends Week With Nominal Decline

GovConIndex
The GovCon Index did not make it five-for-five on positive closing figures for this week as it ended Friday’s trading day at 68.933 — a decrease from Thursday’s figure by 0.086 percent, or 0.059 points. A mixed day reflected investors’ attitude toward improved consumer confidence numbers and a 0.3 percent increase in retail sales for October, according to CNBC’s market...

Richard Montoni: MAXIMUS to Add Healthcare Workers for UK Benefits Assessment Contract

Richard Montoni
Richard Montoni MAXIMUS‘ (NYSE: MMS) U.K. subsidiary has been selected for a potential five-year contract to assess individuals in the country that apply for disability benefits. The U.K.’s department for work and pensions will use MAXIMUS’ assessment results to determine an applicant’s eligibility to various health and disability benefits, the company announced Thursday. Reuters first...