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Financial Report

April 11 Morning Report: GovCon Index Posts Nominal Gain Friday on Energy Shares

The GovCon Index closed Friday with a nominal gain of 0.197 points to 74.227, which gives the GCI a nominal 0.103-point decline from the previous week. While biotechnology stocks posted losses, energy shares saw a 6.6-percent climb in U.S. crude oil futures to $39.72 a barrel. Four of the five largest U.S. government contractors will …

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April 8 Market Close: GovCon Index Hits Late PM Volatility, Ends at Nominal Weekly Decline

The GovCon Index gradually tumbled from a strong open Friday and fell sharply in late afternoon trade to end at a nominal gain of 0.197 points to 74.227, which puts the GCI at a weekly loss for the second time in three weeks. The GCI posted a nominal 0.103-point loss from …

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April 7 Market Close: GovCon Index Sinks 1% as Investors Worry Over Central Bank Policy

The GovCon Index suffered its largest percentage drop in two months Thursday at 0.987 percent — or -0.738 points — to 74.031 with satellite services provider Intelsat (NYSE: I) and rocket maker Orbital ATK (NYSE: OA) the only GCI stocks to close in positive at 3.23 percent and 4 cents, respectively. Maximus (NYSE: MMS) …

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April 6 Market Close: GovCon Index Posts 1% Rally After Fed Minutes Show Leaders’ Rate Hike Hesitance

The GovCon Index erased two days of losses with a gain of 1.183 percent to a one-month high close of 74.769 Wednesday as U.S. markets reacted to the Federal Reserve‘s April meeting minutes that showed some hesitance by policymakers over whether to raise interest rates in April. Healthcare stocks in the S&P 500 …

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April 5 Market Close: GovCon Index Slides on Durable Goods Slump, IMF Head’s Warning on Economic Risk

The GovCon Index tumbled for a third consecutive session Tuesday at 0.294 points to 73.895 as U.S. investors weighed new economic data that showed mixed pictures for the domestic economy and remarks from International Monetary Fund leader Christine Lagarde that a global recovery is surrounded by political risk and instability. Chantilly, Virginia-based government services contractor …

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April 4 Market Close: GovCon Index Declines as US Market Rally Pauses

The GovCon Index started the first full week of April and second-quarter trade Monday with a decline of 0.191 points to 74.189 in a session that saw U.S. stocks hold slightly negative throughout the day. The S&P 500 composite index closed down 6.65 points — or 0.32 percent — as investors slowed down the …

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April 4 Morning Report: GovCon Index Posts Gain on March Jobs Data, Manufacturing Sector Recovery

The GovCon Index closed Friday with a gain of 0.348 points to 74.380 on positive movement in U.S. markets and posted a weekly gain of 1.273 percent. The U.S. markets’ performance is based on jobs data that indicates nonfarm businesses added 215, 000 workers in March to surpass analyst expectations, according to Reuters. Investors also …

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April 1 Market Close: GovCon Index, US Stocks Up on March Jobs Report to Hold Off Early Oil Pressure

The GovCon Index posted a gain of 0.348 points to 74.380 in a reflection of overall positive movement in U.S. markets Friday on March jobs figures that exceeded some economists’ expectations and new manufacturing data that showed some recovery in that sector. Both the Index and S&P 500 composite index held …

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March 31 Market Close: GovCon Index Narrowly Down to Notch 1Q Loss as Earnings Season Awaits

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 …

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March 30 Market Close: GovCon Index Rally Extends to 3rd Day, US Markets Eye Slower Rate Hike Pace

The GovCon Index extended its stretch of positive movement into a third full trading session Wednesday with a gain of 0.204 points to 74.334 as U.S. investors continued to gauge Tuesday’s comments from Federal Reserve Chair Janet Yellen on a potentially slower interest rate hike path for the central bank. Falls Church, Virginia-based CSRA …

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