Author: Ross Wilkers|| Date Published: April 13, 2016
The GovCon Index rode across-the-board positive activity in U.S. markets Wednesday with a gain of 1.224 percent to 75.399, which represents the GCI’s first close above 75 points this year so far under its current 30-company composition.
First-quarter earnings from JPMorgan that topped analyst estimates drove the S&P 500 composite index to fully reverse its year-to-date decline, and traders also welcomed data that showed China exports showed an increase in March for the first time in nine months, according to Reuters.
Financial stocks in the S&P 500 posted a 2-percent gain and investors await more financial results from banks this week, Reuters reported.
Chuck Brooks is the president of Brooks Consulting International and one of Executive Mosaic’s GovCon Experts. As a longtime advocate for cybersecurity…
ASRC Federal’s Facilities & Logistics subsidiary has secured an Air Force Industrial Product-Support Vendor contract The Defense Logistics Agency awarded…