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Tag Archives: European Central Bank

December 8 Market Close: GovCon Index Drops on Steep Prime Declines, SAIC Climbs on Earnings Beat

Executive Mosaic’s GovCon Index tumbled Thursday on steep losses among several of its large-cap prime components as U.S. stocks posted a small advance to a new record high close with financial shares the top performers at a 1-percent gain and industrials the largest laggards. Thursday’s decline puts the GCI below 90 points after a …

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October 20 Market Close: GovCon Index Shows Small Decline for 2nd Straight Day, Textron Jumps as HII & Primes Weigh

Executive Mosaic’s GovCon Index closed slightly down for a second consecutive session Thursday as notable gains by Textron (NYSE: TXT) after third quarter earnings and CACI International (NYSE: CACI) were offset by declines in Huntington Ingalls Industries (NYSE: HII) and other large prime contractors. GovCon Index laggers outnumbered advancers at a 3-to-1 ratio …

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March 10 Market Close: GovCon Index Stumbles After Strong Open, Markets Choppy on Euro Bank Rate Decision & Oil Fall

The GovCon Index tumbled from a positive open and failed to climb back into a gain Thursday with a decline of 0.185 points to 72.857 as markets reacted to the European Central Bank’s series of interest rate and stimulus announcements earlier in the day and lower oil prices. U.S. stocks entered volatility mid-morning …

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March 9 Market Close: GovCon Index Bounces Back From AM Dip, Crude Rises as Traders Await Euro Bank Decision

The GovCon Index recovered from a brief morning dip into a decline Tuesday and closed at a gain of 0.443 points to 73.042 as U.S. stocks rose in tandem with crude oil prices in New York and investors awaited a decision from Europe’s central bank on additional stimulus. Crude futures …

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January 21 Market Close: GovCon Index Enters Correction With 1% Decline, US Stocks Rise on Oil Gains

The GovCon Index suffered a loss of 1.324 percent to 70.492 Thursday driven by a plunge in Engility Holdings (NYSE: EGL) shares after the contractor issued fiscal year 2016 guidance that forecasts a sharp drop in earnings from 2015 outlook. Chantilly, Va.-based Engility’s 2016 guidance sees earnings of between $1.00 …

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December 3 Market Close: GovCon Index Drops 1% as US Markets Decline After ECB Decision, Fed Chair Comments

The GovCon Index followed the across-the-board declines in U.S. and global markets Thursday with a loss of 1.492 percent to 76.994. Twenty-eight Index stocks posted declines while McKesson Corp. (NYSE: MCK) was the only Index stock that closed in positive territory at a nominal gain of 31 cents to $190.30 and Serco …

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December 2 Market Close: GovCon Index Treads Down, US Stocks Decline on Energy Losses

The GovCon Index held in negative territory after a brief spike in the first hour of trading Wednesday to end at a decline of 0.581 points to 78.157. Science Applications International Corp. (NYSE: SAIC) led Index gainers at 2.12 percent to $51.60 after the McLean, Virginia-based contractor reported third quarter earnings above …

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November 30 Market Close: GovCon Index Down 2% on CSRA’s First NYSE Trading Day

The GovCon Index registered a decline of 2.234 percent — or 1.784 points — to 78.070 Monday as U.S. markets returned to full activity and new federal technology services contractor CSRA (NYSE: CSRA) started regular-way trading on the New York Stock Exchange. Falls Church, Virginia-based CSRA opened at $29.39 and ended …

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October 22 Market Close: GovCon Index Snaps Out of Neutral, Posts 2% Gain

The GovCon Index snapped a four-day streak of nominal and negative trading activity Thursday with a gain of 1.949 percent to 74.524. Raytheon (NYSE: RTN) shares climbed 4.1 percent to $111.28 after the weapons maker posted third quarter earnings and sales figures above Wall Street forecasts and raised its full-year revenue …

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June 3 Market Close: GovCon Index, US Stocks Climb on Trade Deficit Data

The GovCon Index mirrored the U.S. stock market’s rebound Wednesday to record a gain of 0.379 points and close at 77.048. Investors reacted to the latest Commerce Department report that showed the U.S. trade deficit shrunk 19.2 percent in April to represent the figure’s largest fall in more than six years, according …

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