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

GovConIndex
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...

October 30 Morning Report: GovCon Index Down on Wednesday’s Close

GovConIndex
The GovCon Index closed Wednesday at 66.977, down 0.297 or 0.445 percent. The Federal Reserve has ended a bond-buying program it had imposed to stimulate the economy, an announcement Reuters said Wednesday sent indicators to finish on a low. The Dow Jones fell 31.44 points, or 0.18 percent, to 16,974.1. The Standard & Poors 500 fell 2.75 points, or 0.14 percent, to 1,982.3. Nasdaq lost 15.07...

October 29 Morning Report: GovCon Index Up on Tuesday’s Close

GovConIndex
The GovCon Index closed Tuesday at 67.274, up 1.081 or 1.581 percent. Positive earnings pulled up U.S. markets with the Dow Jones industrial average closing 17,005.75 points, up 187.81 (1.1%), and the Standard & Poor’s 500 index at 1985.05, up 23.42 points (1.2%), USA Today reported Tuesday.   Top Percentage Gainers Company Stock Price % Change Maximus Inc. 46.37 5.53% Textron 40.49 4.11% ICF...

October 27 Morning Report: GovCon Index Closes on Monthly High

GovConIndex
The GovCon Index closed Friday reaching a monthly high at 65.994, up 0.260 or 0.393 percent after a week of strong third quarter corporate earnings.   Top Percentage Gainers Company Stock Price % Change AECOM Technology 32.60 1.97% General Dynamics 132.50 1.66% Maximus 43.54 1.61% Textron 38.76 1.57% Booz Allen Hamilton 25.72 1.54% Market Summary Advancing Issues 25 (83.33%) Declining...

October 21 Morning Report: GovCon Index Slightly Up at Market Close

GovConIndex
The GovCon Index closed at 63.843 on Monday, up by 0.008 points (0.012 percent) from Friday’s close. U.S. markets closed higher on the back of a S&P 500 index gain of 17.25 points and NASDAQ composite index close of 57.64 points, both up for the third straight day, USA Today reported Monday.   Top Percentage Gainers Company Stock Price % Change Healthnet 46.13 2.35% Navistar 33.04 1.79% Maximus...

Kelly Clark Joins MAXIMUS as CIO; Bruce Caswell Comments

Maximus
Kelly Clark, formerly senior vice president of data operations at Optum, has joined MAXIMUS (NYSE: MMS) as chief information officer. Clark will be responsible for MAXIMUS’ global technology strategy and work to technology efforts with the objectives of the firm’s business units worldwide, MAXIMUS said Thursday. “He will play an important role in leveraging core technologies and...