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.
General Dynamics Information Technology has appointed Rebecca McHale, former Peraton executive, as senior vice president of human resources and communications.…
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.
