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.
Aerospace and defense technology company Merlin has closed its business combination with Inflection Point Acquisition Corp. IV, a special purpose acquisition company…
Raytheon, an RTX business, has received a potential $212.1 million cost-plus-fixed-fee contract to provide operations and maintenance services for a relocatable over-the-horizon…
Jim Kelly, senior systems engineering manager at HPE Juniper Networking, said agentic artificial intelligence could help government agencies move toward…
AeroVironment has acquired Empirical Systems Aerospace, or ESAero, a producer of unmanned aircraft systems and advanced air mobility platforms, or AAM,…
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.
