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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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February 26 Market Close: GovCon Index Falls, Energy Declines Sink US Stocks

The GovCon Index retreated for a second consecutive day Thursday with a loss of 0.32 points to 70.292. A 2.2-percent decline in energy stocks drove U.S. markets to losses Thursday despite gains in technology shares listed in the S&P 500 composite index, which saw seven out of 10 groups fall, according to …

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February 24 Market Close: GovCon Index Closes Flat, Traders Watch Fed Chair Remarks

The GovCon Index remained largely level for a second consecutive day as it rose 0.044 points to 71.008. Traders considered Federal Reserve Chair Janet Yellen’s testimony to the Senate Banking Committee, where she indicated the central bank would change its guidance before any interest rate increase, according to the Wall Street Journal. Investors …

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February 17 Market Close: GovCon Index Stays Level, Greece Talks Continue

The GovCon Index recorded a nominal gain of 0.114 points to 69.617 and mirrored a Tuesday trading day that saw U.S. stocks flunctuate across the board. Negotiations between Greece’s government and the country’s creditors ended Monday without much progress and Greece could run out of cash by March if no deal is reached …

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PSC Names GovCon Exec Leaders to Chair Tech Committees

The Professional Services Council has appointed executives from several technology companies to lead six newly-formed committees and working groups under its technology arm. “The PSC Tech Council committees and working groups will provide thought leadership and practical advice and actions on the pressing technology issues facing the government market today, ” David Wennergren, senior vice …

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December 17 Market Close: GovCon Index Snaps 3-Day Skid, Fed Sends Interest Rate Signal

The GovCon Index ended its stretch of three consecutive days of losses with a gain of 1.042 points to close at 68.453 on Wednesday. Investors reacted to the Federal Reserve’s addition of the phrase “considerable time” in its latest policy statement and comments from Fed Chair Janet Yellen that the central bank will …

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December 16 Market Close: GovCon Index Records Nominal Loss, Investors Eye Possible Fed Move

The GovCon Index extended its current stretch of declines into a third consecutive day with a nominal loss of 0.154 points to close at 67.411 on Tuesday. Investors will keep an eye on the Federal Reserve’s impending decision later this week on whether to change their policy statement and be more open to …

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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 9 Market Close: GovCon Index Stalls as Concerns Over Greece, China Weigh on Market

The GovCon Index stayed largely flat Tuesday and recorded a tiny increase of 0.112 percent — or 0.079 points — to close a 70.609 on Tuesday in a mixed day across the major stock indices. Investors reacted to China’s decision to limit use of some bonds for loans and Greece’s new …

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