Tag Archives: GovCon Index

August 3 Market Close: GovCon Index Closes Down as Crude Oil Hits Six-Month Low

The GovCon Index ended Monday trading day down 0.075 points to close at 76.189. Crude oil hit a six month low with Brent oil falling below $50 as energy stock feel the pain, according to Bloomberg. The Dow Jones Industrial Average declined 91.66 points to 17, 598.20, the S&P 500 composite …

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Aug. 3 Morning Report: GovCon Index Up on Friday’s Close

The GovCon Index recorded a one-day gain of 0.240 points to close at 76.270 Friday,  up 1.85 percent from its July 24 closing figure of 74.888. The Dow Jones Industrial Average declined 55.52 points to 17, 690.46, the S&P 500 composite index lost 4.71 points to 2, 103.92 and the NASDAQ composite index closed …

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July 31 Market Close: GovCon Index Closes Up, US Stocks Trade Down on Energy Earnings News

The GovCon Index rebounded from losses in Thursday’s trading session to record a gain of 0.240 points and close at 76.270 Friday. For the week, the Index rose 1.85 percent from its July 24 closing figure of 74.888. A loss of 2.5 percent in the S&P 500 composite index’s energy sector weighed …

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July 30 Market Close: GovCon Index Drops, US Stocks Stuck in Neutral

The GovCon Index lost some ground from a two-point rise in the previous two trading days to record a decline of 0.556 points and close at 76.036 Thursday. Intelsat (NYSE: I) led all Index gainers at 26 percent after the Luxembourg-based satellite services company reported a second-quarter profit of $60.2 million …

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July 29 Market Close: GovCon Index Extends Climb, US Stocks Move Up After Fed Reports Economic Improvement

The GovCon Index gained at least a full point for the second consecutive trading session Wednesday with a gain of 1.949 percent — or 1.464 points — to close at 76.592. General Dynamics (NYSE: GD) and Northrop Grumman (NYSE: NOC) both posted second quarter results that beat Wall Street expectations, Bloomberg reported. …

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July 28 Market Close: GovCon Index Rides 3-Digit Dow Rally, Energy Leads US Stock Gains

The GovCon Index snapped a five-day streak of losses Tuesday with a rebound of 1.244 percent to close at 75.127 on a day that saw the major U.S. stock indices record gains of nearly similar margins. Energy shares were the largest gainers in the S&P 500 at a 3-percent jump for …

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July 27 Market Close: GovCon Index, US Stocks Dip After China Market Losses

The GovCon Index fell into negative territory for the fifth consecutive trading session Monday with a loss of 0.681 points to close at 74.202. Data that showed industrial profits declined in China during June sent that country’s stock markets to losses for that country’s Monday session and U.S. stocks responded in turn …

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July 27 Morning Report: GovCon Index Down on Friday’s Close

The GovCon Index closed last week with a fourth straight day of loss at 74.886, down 1.03 points or 1.36 percent. The Dow Jones Industrial Average declined 163.39 points at 17, 568.53, the Standard & Poor’s 500 composite index was down 22.50 points to 2, 079.65 and the NASDAQ composite index shed 57.78 points to 5, …

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July 24 Market Close: GovCon Index Down for the Fourth Consecutive Day

The GovCon Index closed the week with four consecutive days of loses, ending the trading day at 74.886 down 1.03 points or 1.36 percent. The three major US markets saw declines as several companies reported disappointing quarterly returns. Increased worries about China’s economy slowing down and the drop in crude oil …

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July 23 Market Close: GovCon Index Follows Blue Chips to Close Down

The GovCon Index closed down for the third consecutive day losing 0.146 points to 75.915. Caterpillar (NYSE:CAT), 3M (NYSE :MMM), and American Express (NYSE:AXP) all turned in disappointing results dropping more than 2.5% on the day. A sluggish international market and strong U.S. dollar have impacted global operations for multinational companies. The Dow Jones …

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