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.
The Department of State has awarded spots on a multiple-award indefinite-delivery/indefinite-quantity contract with a combined potential value of $10 billion…
Brian Hobbs has been appointed CEO of Clarity Innovations, effective March 2, the company announced Tuesday. He succeeds founder and long-serving CEO Wes…
The Federal Aviation Administration has awarded a potential five-year, $437.4 million contract to ASRC Federal Advanced Research to provide second-level…
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.
