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March 6 Market Close: GovCon Index Drops 1% as US Dollar Surges, Traders Anticipate Rate Hikes

The GovCon Index mirrored losses in U.S. markets Friday as it fell 1.327 percent to close at 68.397. Intelsat (NYSE: I), Orbital ATK (NYSE: OA) and Textron (NYSE: TXT) were the only companies listed on the index to record gains. The U.S. dollar surged against the euro and the yen while a …

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March 2 Morning Report: GovCon Index Down at Friday’s Close

The GovCon Index ended the month of February with 69.615 at Friday’s close, a loss of 0.677 points or 0.982 percent. ICF International (NASDAQ: ICFI) led gainers after reporting a double-digit revenue increase for the 2014 fiscal year. The Dow Jones Industrial Average slipped 82.04 points to 18, 132.38, the Standard & Poor’s 500 composite index dipped 6.25 points …

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February 27 Market Close: GovCon Index Ends February With Loss

The GovCon Index closed the last trading day of February with a loss of 0.677 points to 69.615. ICF International (NASDAQ: ICFI) was the biggest gainer after the company reported an 11-percent increase in revenue for its full 2014 fiscal year. Commerce Department data released Friday said the country’s gross domestic …

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January 28 Market Close: GovCon Index Retreats, Fed Holds to ‘Patient’ Interest Rate Line

The GovCon Index extended its current stretch of declines to a third straight day with a loss of 0.306 points — or 0.432 percent — to close at 71.223 on Wednesday. Boeing (NYSE: BA) recorded the largest gain of any index member — a nearly 5-percent increase — after the company said revenue for its 2014 …

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Reuters: US Navy Plans to Buy Tiltrotor Aircraft from Bell-Boeing

U.S. Navy and Marine Corps officials have inked a memorandum of understanding to buy V-22 tiltrotor aircraft built by Boeing (NYSE: BA) and Bell Helicopter, Reuters reported Tuesday. Citing unnamed sources, Andrea Shalal writes the Navy plans to buy four V-22s between fiscal year 2018 and fiscal 2020 under the agreement. …

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January 8 Market Close: GovCon Index Jumps 1.7%, Investors Await Payroll Report

The GovCon Index continued to recover lost ground from its most recent stretch of losses with a gain of 1.744 percent — or 1.265 points — to close at 71.301 on Thursday. U.S. stocks recorded gains across the board as investors reacted to comments from Charles Evans, president of the Federal Reserve …

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December 22 Morning Report: GovCon Index Ends Friday Trading Week With Gain

The GovCon Index closed at 70.378 on Friday,  a 0.1654point increase, or 0.232 percent. The Dow Jones industrial average rose 26.65 points (0.15%) to 17, 804.80, the Standard & Poors 500 index gained 9.42 points (0.46%) to 2, 070.65 and the NASDAQ composite index increased 16.98 points (0.36%) to 4, 765.38. Top Percentage Gainers Company Stock Price $ Change …

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December 19 Market Close: GovCon Index Inches Up

The GovCon Index ended the trading week with a gain of 0.165 points — or 0.233 percent — to close at 70.379 on Friday. Investment activity continued to reflect traders’ attitudes toward how major central banks could raise interest rates as the Federal Reserve said this week such an increase will likely …

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December 15 Market Close: GovCon Index Slips, Oil Prices Continue Plunge

The GovCon Index started the last full week before the Christmas and New Year holidays with a slight decline of 0.299 points — or 0.444 percent — to close at 67.649 on Monday. Oil prices continued to garner much of the attention from investors and the price-per-barrel of crude oil on the New …

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December 3 Market Close: GovCon Index Continues Climb

The GovCon Index continued its post-Thanksgiving climb for a second consecutive day with a Wednesday closing figure of 70.834 — an increase of 0.799 percent, or 0.571 points from Tuesday. Investors reacted to a report from the ADP Research Institute that says companies added 208, 000 employees during November and that …

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