January 15 Market Close: GovCon Index Dips, Banking Sector Losses Drag US Stocks

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The GovCon Index recorded a nominal loss of 0.267 points — or 0.381 percent — to close at 70.408 on Thursday. A 1.1-percent decline in the S&P financial sector and worries over how global economic weakness could affect U.S. corporate earnings drove U.S. stocks down, according to Reuters. The Dow Jones Industrial Average fell 106.38 points to 17,322.51, the S&P 500 composite index...

January 12 Morning Report: GovCon Index Closed Friday Slightly Down On Reports Of December Wage Decline

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The GovCon Index ended a strong trading week slightly down, closing Friday at 70.995 — off .306 points — or 0.433 percent. For the trading week Jan. 5-9, the index recorded a 0.516 percent increase and hit its second-ever largest closing figure within the past three months. U.S. stocks declined after two straight days of gains as investors showed concern over the Labor Department‘s...

Navy Adds CGI, DRS Units to Consolidated Shipboard Networks Contract

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U.S. Navy photo The U.S. Navy has awarded CGI (NYSE: GIB) and DRS Technologies business segments positions on an eight-year, $2.5 billion contract to provide production units of the Consolidated Afloat Networks and Enterprise Services system. The Defense Department said Thursday that CGI Federal and DRS Laurel Technologies can compete for task orders under the indefinite-delivery/indefinite-quantity...

December 29 Market Close: GovCon Index Retreats Slightly

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After reaching new highs last week, the GovCon Index slid back a bit to close Monday at 71.670, down 0.123 points, or 0.172 percent. The stock markets closed mixed with the Nasdaq composite index unchanged at 4,806.91, the Standard & Poor’s 500 up 0.1 percent to 2,090.57 and the Dow Jones industrial average down 0.1 percent to close at 1,8038.23. Equities are approaching record levels fueled...

Navy Awards 5 Spots on Operations, Maintenance Services Contract

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The U.S. Navy has awarded positions on a potential $40,716,029 contract to five companies for support services on operations and maintenance projects. The Defense Department said Thursday will provide professional, technical and administrative support services to the deputy chief of naval operations. A majority of the work will occur in Virginia and the rest will take place in Tennessee through Dec....

December 10 Market Close: GovCon Index Tumbles, SAIC Jumps for 2nd Straight Day

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The GovCon Index tumbled 2.055 percent — or 1.394 points — to close at 69.214 on a Wednesday that saw only two out of 30 companies on the index show gains: Science Applications International Corp. (NYSE: SAI) and Serco Inc. SAIC’s stock price increased for a second consecutive day after the company said its third-quarter revenue increased 2 percent year-over-year when excluding...

November 7 Morning Report: GovCon Index Up on Thursday’s Close

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The GovCon Index closed Thursday at 68.486, up 0.086 or 0.126 percent. Reuters reported Thursday market optimism over anticipation that the European Central Bank may be getting ready with new measures to bolster the eurozone. The Dow Jones industrial average hit a record high, up 69.94 points, or 0.4 percent, to 17,554.5, while Standard & Poor’s 500 closed 7.64 points, up.0.38 percent,...

November 4 Morning Report: GovCon Index Up on Monday’s Close

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The GovCon Index closed Monday at 68.439, slightly up 0.022 or 0.032 percent. U.S. indexes hit intraday highs before ending lower ahead of the Tuesday midterm elections, Market Watch reported Monday. The Dow Jones industrial average closed at 17,366.24, down 24.28 points or 0.1 percent, while the Standard & Poors 500 benchmark index ended at 2,017.81, down 0.24 point or 0.01 percent.   Top...

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

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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 17 Morning Report: GovCon Index Up Slightly at Market Close

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With mixed market results, the GovCon Index closed slightly up by 0.359 points — or 0.569 percent — to 62.777. The S&P 500 closed flat at 1,862.76 as the energy sector lead gains for that index. The Dow Jones Industrial Average slipped 24.5 points, or 0.2 percent, to 16,116.24 and the Nasdaq Composite ticked up 2 points to 4,217.39.   Top Percentage Gainers Company Stock...