Author: Ross Wilkers|| Date Published: January 4, 2016
The GovCon Index started 2016 with a steep decline of 1.712 percent to 75.764 Monday as U.S. stocks mirrored large losses in global financial markets over growth concerns.
Armored truck maker Navistar International (NYSE: NAV) held against market forces with a gain of 8.94 percent to lead all GovCon Index gainers, and four other listed stocks also closed in green.
According to CNBC, the Dow Jones Industrial Average was at a decline of 2.5 percent to put it on pace for its largest percentage decline on a year’s first trading day since 1932.
The S&P 500, of which 11 GovCon Index stocks belong to, had posted a 2.5-percent loss as well in morning trade to go below 2, 000 for the first time since mid-December.
U.S. investors reacted to a plunge in Chinese stocks over a report that showed economic contraction there and renewed tensions between Saudi Arabia and China.
Geoforce has expanded its asset intelligence capabilities with the acquisition of AssetLink Global, a provider of satellite-enabled remote monitoring systems…
SpyCloud has promoted Trevor Hilligoss to chief intelligence officer and Jason Lancaster to chief investigations officer. The company said Thursday the two longtime…
The GovCon Index started 2016 with a steep decline of 1.712 percent to 75.764 Monday as U.S. stocks mirrored large losses in global financial markets over growth concerns.
