The GovCon Index bounced back from its early morning decline at the open to close at a gain of 0.522 points to 76.214 as both stock and commodities markets seemed to move past news that major oil suppliers did not agree on a production freeze at their Doha meeting over the weekend. The Index opened nearly one-quarter...
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 on the S&P 500 composite...
The GovCon Index turned upward in the last two hours of trade Wednesday after the Federal Reserve announced it would baseline interest rates unchanged and closed at a gain of 0.599 points to 73.987. Index stock Vectrus (NYSE: VEC) led all gainers at 9.44 percent after the information technology and communications contractor poste...
The GovCon Index closed Friday with a 0.247-point climb to 73.958 on potential indicators against additional interest rate hikes and extended rallies by Engility Holdings (NYSE: EGL) and Navistar International (NYSE: NAV). The Index posted a weekly gain of 2.082 percent to record positive movement for the third consecutive five-day pe...
The GovCon Index posted a modest gain of 0.247 points to 73.958 Friday on a new Labor Department jobs report that investors believe does not indicate further interest rate hikes at the moment. Friday’s positive close puts the Index at a gain of 2.082 percent for the week to record its third consecutive five-day pe...
Dean McKendrick, formerly a vice president at ManTech International (Nasdaq: MANT), took a new role as Preferred Systems Solutions‘ senior vice president for its national security group in December. McKendrick brings more than 35 years of big data analytics and insider threat experience to PSS in an effort to boost its exposure in the Int...
Lynn Dugle, a nearly 12-year veteran of Raytheon (NYSE: RTN), will join Chantilly, Virginia-based government services contractor Engility Holdings (NYSE: EGL) on March 21 as chief executive to succeed Tony Smeraglinolo, who has stepped down from the post after more than three years at the company. Dugle previously led Raytheon’s...
The GovCon Index climbed back from a more than 1-percent fall in morning trade Tuesday but fell short of a full turnaround in the final hour, down 0.059 points to 71.756 in activity that mirrored U.S. stocks’ reversals as oil prices held positive. Crude oil futures in New York settled up 28 cents to $32.15 a barrel after ne...
The GovCon Index closed Friday with a gain of 0.066 percent to 71.436. Both the Dow Jones Industrial Average and S&P 500 saw slight declines following another oil price drop, while the Nasdaq Composite received a boost from Applied Materials (Nasdaq: AMAT) and technology stocks to end the day in the positive. Top GovCo...
The GovCon Index showed a modest gain today closing at 71.436, up 0.066%, as both the Dow Jones Industrial and S&P500 closed slightly down from effects of sliding oil prices. The NASDAQ Composite ending the day in the positive receiving a boost from Applied Materials (AMAT.O) up 7.9% and rebound in technology stocks. As markets...
