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January 26 Market Close: GovCon Index Dragged by McKesson, Raytheon & Northrop in Mixed US Stock Trading Session

Executive Mosaic’s GovCon Index traded lower Thursday with declines by large caps McKesson Corp. (NYSE: MCK), Raytheon (NYSE: RTN) and Northrop Grumman (NYSE: NOC) the main contributors in a mixed trading session for U.S. stocks. GovCon Index decliners slightly edged gainers as seven of its 11 S&P 500 components advanced with co-listed L3 Technologies (NYSE: LLL) …

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January 17 Market Close: GovCon Index Down on Shipbuilder Declines, Financials Drive S&P 500 Lower

Executive Mosaic’s GovCon Index tumbled Tuesday on declines from major military shipbuilders and defense technology makers as U.S. stocks traded lower with a 2.28-percent decline by financial shares the main contributor after a three-day weekend for equity markets. GovCon Index laggards outnumbered advancers by an 9-to-1 ratio and overall top performer McKesson Corp. (NYSE: MCK) was the …

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December 28 Market Close: GovCon Index Falls, Primes Lead Losses

Executive Mosaic’s GovCon Index tumbled Wednesday on notable declines by large defense and government services primes as U.S. stocks also fell with every major sector in negative territory to damper hopes of a Dow Jones Industrial Average close above 20, 000 before the year’s end. Two out of 30 GovCon Index stocks …

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October 17 Market Close: GovCon Index Shows Little Change as Energy & Consumer Declines Weigh on US Markets

Executive Mosaic’s GovCon Index posted little change for a second consecutive session Monday on mixed results among its large-cap companies as U.S. stocks closed mostly lower due to a sell-off in consumer and energy sector shares that coincided with a decline in crude oil prices. GovCon Index laggers outnumbered advancers and four of …

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March 14 Market Close: GovCon Index Declines as US Stock Markets Hover Ahead of Fed 2-Day Meeting

The GovCon Index failed to turnaround declines incurred during morning trade Monday and ended at a loss of 0.237 points to 73.743 as U.S. stocks hovered in and out of positive territory throughout the afternoon session. Investors have turned their attention to the Federal Reserve‘s two-day meeting Wednesday and Thursday with the priced-in odds …

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July 14 Market Close: GovCon Index Extends Gain Streak to 4 Days

The GovCon Index closed in positive territory for the fourth consecutive trading session Tuesday with a gain of 0.470 points to end at 76.867. Semiconductor and biotechnology stocks drove gains in U.S. markets Thursday despite a report that said consumer purchases fell 0.3 percent in June after a 1-percent climb in May, according to Bloomberg. …

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June 9 Market Close: GovCon Index, US Stocks Trade in Narrow Range Ahead of Sales Reports

The GovCon Index struggled for direction along with the larger U.S. stock market Friday as the index closed with a nominal loss of 0.170 points to 75.317. Declines in airline shares and a rise in financial stocks drove trading activity Friday as investors wait to see the customer sentiment and retail …

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March 23 Market Close: GovCon Index Dips, US Stocks Record Slight Declines

The GovCon Index recorded a nominal loss Monday of 0.089 points to close at 70.027. Losses of transportation shares offset gains in consumer and technology stocks as investors also weighed Federal Reserve Vice Chairman Stanley Fischer’s comment that an interest rate raise will likely happen before the end of the year, Bloomberg reported. The …

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