Author: Ross Wilkers|| Date Published: March 31, 2016
The GovCon Index had its three-day streak of gains halted Thursday with a slight decline of 0.302 points to 74.032 that ends the first quarter of 2016 in the negative as many GCI contractors prepare to detail their January-March financial results.
From Dec. 31, the Index has fallen 2.242 percent on volatility in GCI stocks for services-oriented companies with the Index’s technology makers more settled.
Both the S&P 500 composite index — which contains 11 GCI stocks — and the Dow Jones Industrial Average have moved upward for two consecutive quarters while the technology and biotech-heavy Nasdaq composite index posted its worst January-March in seven years.
CNBC reports traders will turn their attention Friday to the monthly unemployment report and new manufacturing data from ISM with a similar production report out of China slated for public release in the overnight hours before U.S. markets open.
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The GovCon Index had its three-day streak of gains halted Thursday with a slight decline of 0.302 points to 74.032 that ends the first quarter of 2016 in the negative as many GCI contractors prepare to detail their January-March financial results.
