Author: Ross Wilkers|| Date Published: January 15, 2016
The GovCon Index closed at a new three-month low for the second time in three days Friday with a loss of 1.218 percent to 72.118 as investors reacted to further declines in oil prices and new economic data points that fell below the consensus analyst outlook.
Pharmaceutical services provider McKesson Corp. (NYSE: MCK) was the Index’s lone gainer at 22 cents to $165 and was third in volume at 3.35 million shares traded.
The Index has declined 5.6 percent since the start of 2016 and is down 7.97 percent from its most recent high on Dec. 1.
The S&P 500 composite index tumbled 2.16 percent to close below 1, 900 for the second time in three days and has ended lower than 2, 000 for eight straight trading days.
Crude oil futures in New York plunged 5.71 percent to $29.42 a barrel, which CNBC reported marks the U.S. benchmark’s first settle below $30 for the first time in 12 years.
Traders showed continued over a potential global economic slowdown centered in China and December declines in economic data such as the Producer Price Index and industrial production, according to CNBC.
The Naval Information Warfare Center Pacific is soliciting proposals for the development and fielding of intelligence, surveillance and reconnaissance systems…
The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
BAE Systems has received a $117.7 million contract modification from the U.S. Navy to support depot-level modernization, maintenance and repair of USS…
Advanced wireless infrastructure is becoming as strategically important as artificial intelligence in modern defense operations 5G standalone enables network slicing,…
The GovCon Index closed at a new three-month low for the second time in three days Friday with a loss of 1.218 percent to 72.118 as investors reacted to further declines in oil prices and new economic data points that fell below the consensus analyst outlook.
