Executive Mosaic’s GovCon Index closed Friday up 0.442 percent to 89.812 and ended the week with its fourth straight five-day advance on reports of nonfarm public and private sector payrolls in November above analyst expectations and a likely interest rate increase Dec. 14. GCI gainers outnumbered decliners Friday by a 2-to...
Executive Mosaic’s GovCon Index traded higher Friday in a mixed session for U.S. stocks as investors looked at November jobs figures above economists’ expectations and furthered anticipation of an interest rate hike Dec. 14. The GCI ends at its fourth straight weekly advance, while the S&P 500 closed flat Friday on financial stock de...
Executive Mosaic’s GovCon Index retreated Wednesday on declines by large prime and middle-tier services contractors that offset a surge by McKesson Corp. (NYSE: MCK) in a session that saw U.S. stocks trade in narrow range to close the month of November. U.S. market activity was dominated by the agreement among OPEC countrie...
Executive Mosaic’s GovCon Index ended at an all-time record close for a fourth session over the last five Tuesday and briefly touched the 90-point barrier for the first time in its two-year history during afternoon trade to resume its post-election rally with defense stocks in particular strong performers. The U.S. equ...
Executive Mosaic’s GovCon Index ended its six-day win streak Monday as U.S. stocks also took a break from the post-election rally after a stretch that saw equities post three straight weekly gains. GovCon Index decliners edged gainers and six of its 11 S&P 500 components advanced with General Dynamics (NYSE: GD) the top net gaine...
Executive Mosaic’s GovCon Index extended its current stretch of gains to a fifth straight session Wednesday and a second consecutive all-time record close to stay on track for a third straight weekly rise in a shortened trading week. U.S. stock markets are closed Thursday for the Thanksgiving holiday and are open 9:30 a.m.-1 p.m. Eastern ...
TYSONS CORNER, VA, Nov. 22, 2016 ” Aerospace Industries Association has elected Roger Krone, Leidos (NYSE: LDOS) chairman and CEO, to its executive board of governors for 2017, GovCon Executive reported Friday. Krone will join Boeing (NYSE: BA) CEO Dennis Muilenburg and Raytheon (NYSE: RTN) CEO Thomas Kennedy, who will respectiv...
Executive Mosaic’s GovCon Index nudged a slight gain Thursday in a mostly positive session for the U.S. stock market at-large as investors listened to Federal Reserve Chair Janet Yellen’s congressional testimony. GovCon Index decliners edged advancers and three of its 11 S&P 500 components closed green with H...
The State Department has approved a potential $141 million sale of Large Aircraft Infrared Countermeasures systems and non-defense equipment to South Korea under a foreign military sales agreement with Northrop Grumman (NYSE: NOC) as the contractor. The Defense Security Cooperation Agency said Wednesday South Korea™s request of the&nb...
Executive Mosaic’s GovCon Index traded lower Wednesday on sell-offs in its largest defense prime components as U.S. stocks also held modestly down with financial stocks and utilities among the most notable decliners. GovCon Index laggards outnumbered gainers by a 2-to-1 ratio and all 11 of its S&P 500 components fell with Lo...
