Tag Archives: GovCon Index

April 2 Market Close: GovCon Index Inches Up, Traders Eye Iran Talks

The GovCon Index closed on a nominal rise Thursday — up 0.062 points to 68.857 — and recorded an even 15-15 split between risers and fallers. The final trading day of the week saw news of a possible nuclear agreement between Iran and major world powers weigh on investors, who largely want to see …

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April 1 Market Close: GovCon Index Extends Decline, Jobs Report Sends Stocks Down

The GovCon Index fell for a second consecutive day Wednesday as it recorded a loss of 0.471 points to 68.596. U.S. markets entered negative territory after the ADP Research Institute said companies added 189, 000 workers to payrolls in March, which missed estimates of many economists, according to Bloomberg. Bloomberg also cited …

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March 31 Market Close: GovCon Index Retreats, Market Shows Jitters Ahead of Earnings Season

The GovCon Index retreated from Monday’s gain to record a loss of 1.154 percent and close at 69.067 on Tuesday. U.S. investors are watching for many economic reports this week such as the jobs report, data on construction and manufacturing and factory orders, CNBC reported. Many corporate earnings reports for their first …

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March 30 Morning Report: GovCon Index Posts Gains on Friday’s Close

The GovCon Index posted a gain of 0.541 points (0.778%) at Friday’s close for 68.986 to mark a second straight day of increase going into the start of earnings season Monday. The Dow Jones Industrial Average increased 34.43 points to 17, 712.66, the Standard & Poor’s 500 composite index rose 4.87 points to 2, 061.02 and …

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March 27 Market Close: GovCon Index Extends Gains, Dollar Concern Continues

The GovCon Index climbed for a second consecutive day with a gain of 0.541 points to 69.008. The Wall Street Journal called Friday a “quiet day” and cited next week’s jobs report and the start of earnings season as trends to watch. Investors continue to worry over how a strengthening U.S. …

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March 26 Market Close: GovCon Index Snaps 3-Day Loss Streak, Yemen News Sends Oil Price Up

The GovCon Index  closed in positive territory Thursday for the first time in three days with a nominal gain of 0.280 points to 68.467. News that Saudi Arabia and its Middle East allies started a military operation in Yemen helped drive crude oil futures up 4 percent to $51.43 per barrel, CNBC reported. …

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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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March 24 Market Close: GovCon Index Dips as Dollar, Oil Figures Rise

The GovCon Index closed at a coss for a second consecutive day Tuesday as it recorded a decline of 0.318 points to 69.709. A 6-cent increase in crude oil and another increase in the U.S. dollar against other currencies drove U.S. trading activity Tuesday on a day that saw stocks decline, according to CNBC. Stocks traded …

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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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