Tag Archives: durable goods

April 5 Market Close: GovCon Index Slides on Durable Goods Slump, IMF Head’s Warning on Economic Risk

The GovCon Index tumbled for a third consecutive session Tuesday at 0.294 points to 73.895 as U.S. investors weighed new economic data that showed mixed pictures for the domestic economy and remarks from International Monetary Fund leader Christine Lagarde that a global recovery is surrounded by political risk and instability. Chantilly, Virginia-based government services contractor …

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October 27 Market Close: GovCon Index Closes Down, Stocks Decline on Goods Data

The GovCon Index failed to recover from morning session losses Tuesday and closed with a nominal decline of 0.052 points to 75.304. Textron (NYSE: TXT) led all Index gainers at 4.15 percent to $40.43 after the conglomerate reported a 9-percent profit increase in its third quarter and earnings that exceeded Wall Street analyst forecasts despite …

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August 26 Market Close: GovCon Index Up 3%, 6-Day Decline Streak Over

A six-day stretch of consecutive declines came to an end for the GovCon Index Wednesday as it recorded a gain of 3.208 percent to 71.862. Non-Index company Oshkosh Corp. (NYSE: OSK) closed up 6.67 percent a day after the Army announced the Wisconsin-based military vehicle maker beat Lockheed Martin (NYSE: LMT) and …

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June 23 Market Close: GovCon Index Treads Down, Investors Eye Greece Talks’ Progress

The GovCon Index hit a slight setback from the previous day’s jump to record a loss of 0.103 points and close at 77.047 Tuesday. U.S. stocks traded mostly in neutral territory Tuesday as investors continued to watch negotiations between Greece and its Eurozone creditors on a bailout agreement to avoid bankruptcy …

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May 26 Market Close: GovCon Index, US Stocks Fall After Durable Good Report’s Release

The GovCon Index recorded a sharp decline Monday with a loss of 1.184 percent to close at 74.199 on a day that saw Engility Holdings (NYSE: EGL) and Serco Inc. as the only Index companies to end the day in positive territory. U.S. markets traded lower Monday after the Commerce Department said …

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March 25 Market Close: GovCon Index Nosedives After Durable Goods Report Shows Decline

The GovCon Index closed in negative territory for the third consecutive day this week with a loss of 2.271 percent to end up at 68.195. Engility Holdings (NYSE: EGL) and Navistar (NYSE: NAV) were the only Index companies to see their stock prices rise Wednesday. U.S. stock markets largely went into selloff mode after the Commerce Department said durable …

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