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Tag Archives: China

October 23 Market Close: GovCon Index Extends Climb, US Stocks Up on Earnings & China Rate Decision

The GovCon Index extended its current rally into a second day with a gain of 1.057 percent to 75.312 as investors continued to mull earnings reports from S&P 500 stocks, 11 of which are also listed in the Index. For the week, the Index recorded a gain of 6.32 percent on third quarter earnings reports above Wall Street …

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October 14 Market Close: GovCon Index Falls 1%, Wal-Mart Decline Sinks US Markets

The GovCon Index extended its declines to a second consecutive day Wednesday with a loss of 1.460 percent to 72.637. U.S. stocks fell sharply after initial gains in the day’s first 30 minutes of activity as investors reacted to Wal-Mart’s prediction that its profit would fall during the next fiscal year and …

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Weekly Roundup Sept 28 – Oct 2 2015: Frank Kendall’s Outlook on Defense Sector Consolidation & More

Weekly Roundup Sept 28 – Oct 2 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson The military’s chief weapons buyer sought to throw cold water this week on the idea of consolidation among the U.S.’ largest prime contractors in a year that has …

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September 23 Market Close: GovCon Index Extends Dip, Material Sector Drags US Stocks

The GovCon Index deepened its losses Wednesday with a decline of 0.462 points to 70.902, a figure 8.08 percent below its three-month high of 77.134 from the July 16 close. The Dow Jones Industrial Average remains in correction territory while the S&P 500 and NASDAQ composite indices are within 10 percent of their 52-week …

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September 18 Market Close: Fed Uncertainty Drags GovCon Index, US Stocks 1%

Continued uncertainty about the Federal Reserve‘s Thursday decision to hold interest rates at their current near-zero levels triggered declines of at least 1 percent each for the GovCon Index and major U.S. stock indices. The GovCon Index fell 1.647 percent to 72.256 with only three companies in positive territory: CGI Group (NYSE: GIB) up 1.06 …

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September 14 Market Close: GovCon Index, US Stocks Fall on China Selloff

The GovCon Index hit a setback Monday after two consecutive sessions of gains to record a loss of 0.367 points and close at 72.333. A selloff in Chinese markets triggered declines in U.S. markets Monday after data showed that country’s factory production and fixed-asset investment activity in August missed the consensus …

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September 8 Market Close: GovCon Index, Major US Stock Indices Surge 2%

The GovCon Index started its first full trading week in September with a rise of 2.505 percent to 72.752 Monday as U.S. markets also rebounded from sharp losses incurred Friday. With Monday’s close, the Index is 4.17 percent down from its Aug. 4 close of 75.916 and has recovered 4.51 percent from its three-month low of …

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September 1 Market Close: GovCon Index Plunges 3%, Traders Up Interest Rate Hike Odds

The GovCon Index tumbled 2.78 percent to 70.118 in a reflection of continued concern in U.S. markets Tuesday about a slowdown in China’s economy and potential effects on economies worldwide. All 30 stocks recorded declines Tuesday and the Index has approached correction territory for the second time in a week. The Index …

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August 31 Market Close: GovCon Index, US Stocks Fall on Interest Rate Timing Concerns

The GovCon Index ended the most turbulent month in its nearly one year of existence Monday with a decline of 1.174 percent to 72.126. The Index has tumbled 5.18 percent from its July 31 close of 76.069 and is down 6.6 percent from its high of 77.223 from Aug. 17. U.S. investors continue to show concern over …

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August 28 Market Close: GovCon Index Closes in Green to End Volatile Week

The GovCon Index closed Friday up 0.158 points to 72.983 on a relatively quiet day for U.S. markets compared to the volatility from the prior four days. With Friday’s close, the Index ended the week with a nominal gain of 0.012 points from its Aug. 21 close of 72.971. The Index is currently down …

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