Author: Ross Wilkers|| Date Published: March 11, 2016
The GovCon Index rebounded 1.541 percent to 73.980 Friday with all 30 stocks up in movement that mirrored U.S. stocks’ recovery on a sharp rise in crude oil prices and investor confidence in the European Central Bank’s latest stimulus initiative.
Friday’s close puts the Index up at a nominal 0.053 points over five days to post its fourth consecutive weekly gain and the GCI is down 4.33 percent on a year-to-date basis.
The Index has risen 7.89 percent since its early February dive into a correction, when the GCI was down 11.33 percent year-to-date then.
All sectors of the S&P 500 climbed Friday to cut the composite index’s decline from the start of the year to 1.09 percent in a reversal from deep losses spurred by the plunge in oil prices.
According to Reuters, investors are uncertain whether the Federal Reserve will raise interest rates at its March 15-16 meeting as data shows the U.S. labor market is healthy but wage numbers are a concern for central bank policymakers.
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 rebounded 1.541 percent to 73.980 Friday with all 30 stocks up in movement that mirrored U.S. stocks’ recovery on a sharp rise in crude oil prices and investor confidence in the European Central Bank’s latest stimulus initiative.
