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December 11 Market Close: GovCon Index Rebounds, Retail Sales Report Drives Stocks Up

The GovCon Index regained some ground Thursday with an increase of  0.379 percent — or 0.264 points — to close at 69.478. Stocks recovered some losses from the week after the release of data on an increase in consumer spending during the month of November and a report that indicates fewer Americans …

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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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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 8 Morning Report: GovCon Index Posts Gains at Friday’s Close

The GovCon Index closed at 70.063 on Friday, an increase of 0.541 percent, or 0.386 points, from Thursday trading.   The Dow Jones grew 0.33 percent to close at 17, 958.79, the Standard & Poor’s 500 recorded a 0.02 percent gain to 2, 072.30 and the NASDAQ increased 0.11 percent to 4, 774.59. Reuters attributed the …

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December 5 Market Close: GovCon Index Gains as Jobs Report Sets 3-Year High

The GovCon Index rebounded some ground Thursday with an increase of 0.541 percent — or 0.386 points — to close at 70.063 on Friday. Stocks largely increased Friday after the release of the Labor Department‘s jobs report, which said U.S. businesses added 321, 000 new employees in November to set a new high for the past three …

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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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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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December 2 Market Close: GovCon Index Rebounds as Biotech, Energy Shares Drive Market

The GovCon Index gained some ground Tuesday from the previous day’s loss with an increase of 0.387 percent — or 0.273 points — to close at 70.263. Biotechnology and energy companies were the major drivers of activity on the major stock markets and investors also drew confidence in data that showed growth in construction spending during …

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December 1 Market Close: GovCon Index Starts Month With Loss

The GovCon Index kicked off the final month of 2014 with a decline of 0.826 percent — or 0.574 points — to 70.058 on Monday. Lower-than-expected sales over Thanksgiving weekend and a decline in Supply Management’s national factory activity index for October drove stock prices downward, CNBC reported. Laggers led gainers by a three-to-one ratio …

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Tom Arseneault to Head Electronic Systems at BAE’s US Arm, Retain COO Title

Tom Arseneault, chief operating officer at BAE Systems‘ U.S. subsidiary and a 14-year BAE veteran, will take on the additional role of president of the subsidiary’s electronic systems sector on Jan. 1, 2015. BAE said Monday that Arseneault will continue to hold the chief operating officer role for the subsidiary — BAE …

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