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December 8 Market Close: GovCon Index Falls, Crude Oil Prices Drag Market Down

The GovCon Index started the week of Dec. 8 with a decline of 0.761 percent — or 0.533 points — to close at 70.530 on Monday. Crude oil prices fell to below $63 per barrel for the first time in five years and investors reacted to other data that showed a shrinking economy in Japan, …

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December 4 Market Close: GovCon Index Loses Ground, Investors Await Labor Report

The GovCon Index retreated Thursday by 0.223 percent — or 0.157 points — to close at 70.676, a figure that keeps the index in positive territory from the previous week. Investors reacted to the European Central Bank’s decision to not take any action on a potential stimulus until at least early next year …

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November 24 Morning Report: GovCon Index to Open at 69.6

The GovCon Index ended Friday with a gain of 0.687 percent ahead of the Thanksgiving week to close at 69.600. The Wall Street Journal reported a Dow Jones Industrial Average increase of 0.51 percent to close at 17, 810.06, a S&P 500 composite index’s gain of 0.52 percent to 2, 063.50 and a NASDAQ …

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November 21 Market Close: GovCon Index Up as Investors React to China, Europe Moves

The GovCon Index ended the last full trading week before this year’s Thanksgiving holiday with a modest gain of 0.687 percent Friday to close at 69.600. According to the Wall Street Journal, U.S. stocks made gains that reflected how investors reacted to comments from the European Central Bank’s chief that its …

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November 17 Morning Report: GovCon Index to Open at 68.933

The GovCon Index ended trading Friday at 68.933, down by 0.086 percent, or 0.059 points, from Thursday’s close. The Dow Jones Industrial Average declined 0.1 percent to 17634.74, while the S&P 500 composite index increased 0.02 percent to 2039.82 and the NASDAQ composite index grew 0.18 percent to 4688.54.   Top Percentage Gainers Company Stock Price $ …

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November 14 Market Close: GovCon Index Ends Week With Nominal Decline

The GovCon Index did not make it five-for-five on positive closing figures for this week as it ended Friday’s trading day at 68.933 — a decrease from Thursday’s figure by 0.086 percent, or 0.059 points. A mixed day reflected investors’ attitude toward improved consumer confidence numbers and a 0.3 percent increase in retail …

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State Dept OKs $1.4B PAC-3 Missile Sale to South Korea

The State Department has approved a $1.405 billion foreign military sale of Patriot Advanced Capability missiles and components to South Korea. Raytheon (NYSE: RTN) and Lockheed Martin‘s (NYSE: LMT) missiles and fire control business are the primary contractors for the sale, the State Department said Wednesday. South Korea has ordered 136 PAC-3 missiles with containers, …

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November 5 Morning Report: GovCon Index Up on Tuesday’s Close

The GovCon Index closed Tuesday at 68.521, slightly up 0.082 or 0.120 percent. U.S. stocks ended mixed on the back of anxious investors over the congressional elections and an oil price drop, CNBC reported Tuesday. The Dow Jones Industrial Average went up 17.60 points, or 0.1 percent, to 17, 383.84, while …

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October 28 Morning Report: GovCon Index Up on Monday’s Close

The GovCon Index closed Monday at 66.193, up 0.200 or 0.301 percent. Top Percentage Gainers Company Stock Price % Change ICF International Inc. 34.11 1.82% Orbital 29.51 1.65% CGI Group Inc. 33.83 1.41% Raytheon Co. 99.37 1.27% Exelis Inc. 16.99 1.25% Market Summary Advancing Issues 19 (63.33%) Declining Issues 10 (33.33%) Unchanged …

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Navy Prepares C4I, Surface Combatant Tech Support Contract

The U.S. Navy plans to award a new potential two-year contract for support work on the branch’s C4I, surface vessel warfare and tactical systems. In a notice published Friday on FedBizOpps, the Navy said that contract would contain one base year and one option year. General Dynamics (NYSE: GD) and Raytheon (NYSE: RTN) currently …

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