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Financial Report

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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March 29 Market Close: GovCon Index Jumps on SAIC Earnings, Vectrus Contract Award

The GovCon Index received a jolt Tuesday from Science Applications International Corp.‘s (NYSE: SAIC) latest earnings report and other general market conditions to close at a gain of 1.612 percent to 74.129. McLean, Virginia-based GovCon services contractor SAIC led Index gainers at 11.45 percent after the company said it exceeded Wall Street’s expectations …

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SAIC FY 2016 & 4Q Earnings Top Street

Science Applications International Corp. (NYSE: SAI) — one of 30 companies listed in Executive Mosaic’s GovCon Index — has reported earnings for both its 2016 fiscal year and fourth quarter that came in above analyst forecasts. The McLean, Virginia-based contractor’s full-year earnings totaled $2.85 per share to exceed Wall Street …

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March 28 Market Close: GovCon Index Shows Modest Rise on CAE’s 1st GCI-Listed Day, Stocks Mixed in Choppy Trade

The GovCon Index entered the final week of trade for the first quarter with a modest gain of 0.175 points to 72.953 in choppy trade for U.S. markets as stocks struggled to gain clear direction. Monday represented Montreal-based aerospace and defense contractor CAE‘s (NYSE: CAE) first day as a GovCon Index-listed stock …

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NTT Data Inks $3.05B Deal for Dell’s IT Consulting, Services Unit

A subsidiary of Japan-based conglomerate Nippon Telegraph & Telephone (NYSE: NTT) has agreed to purchase the information technology services and consulting business of Dell for $3.05 billion as part of a push to expand further into new geographic markets such as the U.S. The companies did not disclose a timeline for …

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March 28 Morning Report: CAE Joins GovCon Index; Thursday Trading Ends With Decline

Executive Mosaic will replace Health Net with aerospace and defense firm CAE (NYSE: CAE) in the GovCon Index effective Monday following the health insurer’s acquisition by Centene (NYSE: CNC). CAE closed Thursday at $11.32 per share and a market capitalization of $3.1 billion. GCI closed Thursday with a 0.412-point drop to 74.640, ending the …

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March 24 Market Close: GovCon Index Lags to Snap 5-Week Gain Streak, CAE to Join GCI Monday

The GovCon Index lagged for a third consecutive trading session Thursday to end at a decline of 0.412 points to 74.640 on the week’s final day of trade as U.S. financial markets are closed on Good Friday. Thursday’s close puts the Index at a decline of 1.207 percent on a weekly basis to end the GCI’s streak …

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March 23 Market Close: GovCon Index Weighed by Commodity Declines, Health Net Up 4% on Centene Deal Approval

The GovCon Index stumbled from the open to close at a loss of 0.279 points to 75.052 as U.S. stock declines mirrored a fall in commodities such as oil and investors continued to speculate over when the next interest rate increases could occur. Los Angeles-based health insurance provider Health Net (NYSE: HNT) …

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March 22 Market Close: GovCon Index, US Stocks Show Little Change Amid Brussels Attacks

The GovCon Index held in narrow range for the entirety of Tuesday trade and closed at a nominal loss of 0.084 points to 75.331, which ends the Index’s four-day stretch of gains. U.S. markets also struggled for direction after the early morning terrorist attacks at the main airport and a subway …

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March 21 Market Close: GovCon Index Posts Narrow Gain on Oil Rise; Tech Stocks Lift US Markets

The GovCon Index posted its fourth consecutive gain Monday by a narrow 0.074 points to 75.415 in a reversal from a sharp fall in mid-morning trade as oil prices rose and both technology and biotech stocks helped the major U.S. indices hold in positive at the close. Utility and material shares lagged …

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