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Tag Archives: China

March 31 Market Close: GovCon Index Narrowly Down to Notch 1Q Loss as Earnings Season Awaits

The GovCon Index had its three-day streak of gains halted Thursday with a slight decline of 0.302 points to 74.032 that ends the first quarter of 2016 in the negative as many GCI contractors prepare to detail their January-March financial results. From Dec. 31, the Index has fallen 2.242 percent on volatility in GCI stocks for …

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Weekly Roundup Mar. 21 – Mar. 24 2016: NIST-Backed Cyber Council Adds New Private Sector Leader & more

Mar. 21 – Mar. 24 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson A White House-mandated cybersecurity organization created to combine knowledge and experience from the public and private sectors added a new leader this week whose background includes stops on both sides. …

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March 8 Market Close: GovCon Index Falls as ICF & Navistar Earnings Misses Weigh

The GovCon Index held lower throughout the trading session Tuesday and closed at a decline of 1.071 percent to 72.599 on earnings misses from two GCI stocks and investor reaction to oil price declines and new trade data out of China. ICF International (Nasdaq: ICFI) dropped 8.37 percent a day after the consulting …

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February 29 Market Close: GovCon Index Posts Decline, Ends at Modest Gain for Month

The GovCon Index fell into a decline over the final two hours of trade Monday to end the full session at a loss of 0.351 points to 72.136 but still end February at a gain for the month. The Index rose 0.329 points in February as investors continued to welcome additional earnings reports from …

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January 19 Market Close: GovCon Index Shows PM Turnaround to Narrow Gain, US Stocks Mixed

The GovCon Index attempted to turn around sharp losses incurred mid-afternoon Friday during the day’s final trading hour and closed at a gain/loss of 0.086 points to 72.182. The Index had shown a decline of around 1.1 percent at around 2 p.m. Eastern time before a reversal that started shortly …

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January 15 Market Close: GovCon Index Stumbles to 3-Month Low as US Oil Futures Settle Below $30

The GovCon Index closed at a new three-month low for the second time in three days Friday with a loss of 1.218 percent to 72.118 as investors reacted to further declines in oil prices and new economic data points that fell below the consensus analyst outlook. Pharmaceutical services provider McKesson …

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January 12 Market Close: GovCon Index 4-Day Losing Streak Ends w/ 1% Climb

The GovCon Index snapped a four-day streak of declines Tuesday with a surge upward of 1.129 percent to 74.285 in another volatile trading day for U.S. financial markets driven by continued oil price declines and attention on China. Crude oil futures in New York settled 50 minutes later than usual …

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Weekly Roundup Jan 4 – Jan 8 2016: Slow Start for GovCon Stocks in 2016 & more

Jan. 4 – Jan. 8 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson Any thoughts that the start of 2016 would be smooth sailing for U.S. government contracting stocks and financial markets have quickly been cast aside as volatility from 2015’s second …

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January 7 Market Close: GovCon Index, US Stocks Fall 2% as China Fears Grow

The GovCon Index continued to mirror deep losses in U.S. and global financial markets Thursday with a decline of 2.293 percent to 74.525 as investor fears over China’s economy and falling oil prices grew. Science Applications International Corp. (NYSE: SAIC) and Booz Allen Hamilton (NYSE: BAH) were the Index’s only …

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January 6 Market Close: GovCon Index Nosedives as Oil, China Weigh on US Markets

The GovCon Index suffered a reversal from the prior day’s gain Wednesday to close at a decline of 0.7 points — or 0.910 percent — to 76.185 as U.S. investors reacted to more oil price declines and showed continued concerns about China’s economy. The S&P 500 plunged 1.31 percent to …

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