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.
XLA, a provider of cybersecurity, data management and analytics, technical services, and international program support, has appointed James Vant as chief…
Understanding how organizations can prepare for a Cybersecurity Maturity Model Certification, or CMMC, assessment often starts with structured road maps…
The Department of Transportation is undergoing rapid transformation under Transportation Secretary Sean Duffy. Since stepping into the role in January 2025, Duffy…
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.
