Author: Ross Wilkers|| Date Published: February 16, 2016
The GovCon Index carried its positive momentum from Friday’s rally with a gain of 1.531 percent to 70.355 Tuesday — its first close above 70 in two days — on a bounce in confidence from investors that some equities may have been oversold.
Gains among consumer, industrial and financial shares helped drive the S&P 500 composite index up 1.65 percent despite another decline in crude oil prices.
Oil reversed into a decline after Russia and Saudi Arabia failed to reach a pact on a supply cut but traders drew some hope from any discussions having taken place, according to Reuters.
Crude futures in New York fell 1.36 percent to $29.04 a barrel and brent in London posted a nominal 33-cent decline to $32.25 a barrel.
Reuters reports investors have the most cash in hand at any point since November 2001 and that could be a precursor to a new round of buying.
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Precision Aerospace & Defense Group and FACT II Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement to…
LMI has announced the acquisition of intellectual property and advanced capabilities to broaden its in-transit visibility and asset tracking services for…
The GovCon Index carried its positive momentum from Friday’s rally with a gain of 1.531 percent to 70.355 Tuesday — its first close above 70 in two days — on a bounce in confidence from investors that some equities may have been oversold.
