Author: Ross Wilkers|| Date Published: February 9, 2016
The GovCon Index reversed a negative open of at least 1 percent as Tuesday’s trading day progressed but hit another dip in the final hour to end at a nominal gain of 0.044 points to 70.079.
Gains in biotechnology and material shares helped U.S. stocks bounce back in Monday’s afternoon session but also ended at nominal losses as investors continued to watch crude oil price declines and eye the bond market for safety against volatility.
Crude futures in New York settled down 3.1 percent to $28.77 a barrel and have declined 20 percent from the start of the year while U.S. treasuries are on their best start to a year since 1988, according to Bloomberg.
The U.S. oil benchmark fell below $28 in mid-afternoon trade.
Investors are also anticipating Federal Reserve Chair Janet Yellen’s two-day testimony to lawmakers Wednesday and Thursday for hints as to when the next interest rate hike could occur, Bloomberg reported.
Amentum Mitie Pacific has secured an indefinite-delivery/indefinite-quantity contract with a potential value of $656.4 million to provide base operating support…
CACI International has secured a potential five-year, $416 million SeaPort-Next Generation task order to sustain and modernize information technology systems…
Cherry Bekaert has acquired accounting and advisory firm Tarsus to expand outsourced accounting, real-time financial reporting and strategic chief financial…
General Dynamics Information Technology has received a U.S. Navy contract worth $988 million to modernize and integrate command, control, communications,…
The GovCon Index reversed a negative open of at least 1 percent as Tuesday’s trading day progressed but hit another dip in the final hour to end at a nominal gain of 0.044 points to 70.079.
