Home / Ross Wilkers (page 60)

Ross Wilkers

August 19 Market Close: GovCon Index, US Stocks Decline as Fed Minutes Go Public

The GovCon Index reflected across-the-board declines in U.S. markets Wednesday to record a decline of 0.493 points and close at 76.755. U.S. stocks recovered some losses incurred during the morning session after the Federal Reserve released its July meeting minutes that said economic conditions to precede an interest rate increase in September have not …

Read More »

August 18 Market Close: GovCon Index Down, US Stocks Dip on China Declines

The GovCon Index ended a three-day stretch of consecutive gains Tuesday with a decline of 0.098 points to 77.248. A sell-off in Chinese markets and an earnings report from Wal-Mart that missed many analyst estimates sent U.S. markets into negative territory, according to the Wall Street Journal. Investors also weighed earnings …

Read More »

August 17 Market Close: GovCon Index Closes at 30-Day High, US Stocks Up on Homebuilder Data

The GovCon Index kicked off the week with a gain of 0.374 points to 77.344 — the Index’s highest close over a 30-day period. U.S. markets rebounded from losses in Monday’s morning session as stocks reacted negatively to data that showed a decline in manufacturing in New York State, according to Bloomberg. …

Read More »

August 14 Market Close: GovCon Index Stretches Gains, US Stocks Rebound

The GovCon Index recovered more ground from three consecutive days of negative or neutral activity to record a gain of 0.479 points and close at 76.970. U.S. stocks swung into positive territory Friday after investors continued to react to China’s currency devaluation and data that showed consumer spending increased in July, …

Read More »

August 13 Market Close: GovCon Index Up, US Stocks Mixed on Economic Data

The GovCon Index regained some ground after two straight days of declines to close at a gain of 0.138 points to 76.493. U.S. stocks hovered around the gain line in the final hour of trading for a second consecutive day as investors considered data that showed retail sales climbed 0.6 percent in July and …

Read More »

August 12 Market Close: GovCon Index, US Markets Trade Near Gain Line on Energy Stock Lift

The GovCon Index recovered some losses sustained during the morning trading session Wednesday but ended at a decline of 0.130 points to 76.354. Gains from energy shares and Apple helped U.S. stocks to reverse declines from the morning session that stemmed from continued investor reaction to China’s currency devaluation in the …

Read More »

August 11 Market Close: GovCon Index, US Stock Indices Drop 1% on China’s Currency Devaluation

The GovCon Index wiped out all of its gains from Monday’s trading session to record a loss of 1.089 percent and close at 76.486. All three major U.S. stock indices lost close to 1 percent each as traders reacted to China’s devaluation of its currency and also showed concern over a potential …

Read More »

Salient, CRGT to Merge in Gov’t IT Modernization & Business Intell Market Push

Government services contractors Salient Federal Solutions and CRGT have agreed to merge under a deal of an undisclosed sum in a push to expand their information technology modernization and business intelligence services to federal and other public sector agencies. The companies said Tuesday they expect to close the transaction early in the fourth quarter …

Read More »

August 10 Market Close: GovCon Index, US Stock Indices Climb 1% on Oil Rebound

The GovCon Index rebounded from two straight days of declines Monday to record a gain of 1.428 percent and close at 77.328. All three major U.S. stock indices also each advanced at least 1 percent Monday as investors gained confidence from a rise in oil prices despite a report that showed …

Read More »

August 7 Market Close: GovCon Index Dips, Earnings News Lifts Engility, US Stocks Down

The GovCon Index failed to hold its gains from the week’s worth of trading as it closed Friday with a loss of 0.258 points to 76.239. Engility Corp. (NYSE: EGL) shares skyrocketed 37.92 percent to 30.44 Friday after the government services contractor reported second quarter earnings that surpassed Wall Street’s consensus forecasts. Continued …

Read More »