January 22 Market Close: GovCon Index Sets Record High, Traders Welcome ECB Stimulus Plan

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The GovCon Index set a new record-high Thursday with a gain of 1.134 points — or 1.543 percent — to close at 72.346. All but two stocks on the index recorded increases in a day that saw the GovCon Index surpass the previous record of 71.722 set on Dec. 26, 2014. U.S. stocks largely recorded gains Thursday as investors reacted to the European Central Bank’s announcement of a new...

January 20 Market Close: GovCon Index Holds Up, Investors Await Euro Bank Move

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The GovCon Index recorded a 50-50 split of gainers and laggers Tuesday to reach a nominal gain of 0.237 points — or 0.170 percent — to close at 71.291. A reduction in the International Monetary Fund’s worldwide growth forecasts for 2015 and 2016 was balanced by technology sector gains willingness among investors to hold back from more aggressive moves until the European Central...

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

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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...

Louis Montgomery Heads to Search Firm Korn Ferry’s Global HR Practice

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Louis Montgomery Jr. Louis Montgomery Jr., a nearly three-decade human resources veteran and a former senior vice president from Serco Group‘s North American arm, has joined Los Angeles-based talent consulting provider Korn Ferry (NYSE:KFY) as a principal. Korn Ferry said Tuesday Montgomery will work out of Korn Ferry’s office in Reston, Va. and be a member of the firm’s global...

January 9 Market Close: GovCon Index Retreats, Report Shows December Wage Decline

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The GovCon Index ended the trading week with a slight decline of 0.306 points — or 0.433 percent — to close at 70.995 on Friday. For the week started Jan. 5, the index recorded a 0.516 percent increase and hit its second-ever largest closing figure for a trading week within the past three months. U.S. stocks declined after two straight days of gains as investors showed concern over...

December 23 Market Close: GovCon Index Reaches High for Month as GDP Data Shows Gains

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The GovCon Index reached a new high for the month of December with a gain of 0.187 points — or 0.261 percent — to close at 71.467 on Tuesday. Investors appeared to show confidence after the Commerce Department said U.S. gross domestic product grew at a 5-percent annual rate between July and September, according to Bloomberg. Bloomberg said this is the largest increase in GDP recorded...

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 18 Market Close: GovCon Index Soars 2%, Scales 70-Point Mark

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The GovCon Index reached the 70-point barrier for the first time in eight trading days with an increase of 2.446 percent — or 1.761 points — to close at 70.214 on Thursday. Only one company in the index recorded a loss and the remaining 29 all saw increases in a day that saw the S&P 500 composite index make its biggest one-day climb since November 2011 and the Dow Jones Industrial...

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...

Al Pisani Appointed Corporate Development SVP at Serco Inc.; Dan Allen Comments

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Al Pisani Al Pisani, formerly senior vice president of TASC‘s intelligence group, has joined Serco Group‘s North American subsidiary — Serco Inc. — as senior vice president of corporate development. Pisani will be responsible for corporate development, strategy planning, mergers and acquisitions, program management centers of excellence and customer satisfaction activities,...