Tag Archives: I

July 18 Market Close: GovCon Index Slightly Down Ahead of Lockheed 2Q Earnings Report

Executive Mosaic’s GovCon Index traded lower Monday and the U.S. stock bellwether S&P 500 composite index closed at a new all-time record as investors mulled new second quarter earnings reports as many GCI companies prepare to state their April-June results. The GovCon Index closed down 0.233 points to 81.586 with four of the GCI’s …

Read More »

July 15 Market Close: GovCon Index Flat Ahead of 2Q Earnings Season’s Start

Executive Mosaic’s GovCon Index fell into narrow range mid-morning after a positive open Friday as defense and contracting stocks ended the week-long rally ahead of the start of second quarter earnings season Tuesday. The GovCon Index posted a nominal loss of 0.004 points to 81.819 but ended the week up 1.257 percent, while …

Read More »

July 11 Market Close: GovCon Index, S&P 500 Close at All-Time Highs

Executive Mosaic’s GovCon Index closed above 81 points for the first time Monday as the S&P 500 composite index ended at a new record high as investors sought to carry Friday’s rally after the pre-market June jobs report then. The GovCon Index gained 0.293 points to 81.106 as seven of the 30 stocks hit new 52-week …

Read More »

July 8 Market Close: GovCon Index Breaks 80 on June Labor Data Beat, 5 Stocks Hit 52-Week Highs

Executive Mosaic’s GovCon Index broke the 80-point barrier Friday for the first time in a month as the S&P 500 composite index briefly traded above a new record close in afternoon activity after the June jobs report soared past economists’ expectations. The GovCon Index closed up 1.579 percent to 80.813 and …

Read More »

July 6 Market Close: GovCon Index Lifts as Fed Minutes Show Rate Hike Caution

Executive Mosaic’s GovCon Index turned around its decline in morning trade Wednesday and held higher in the afternoon session as U.S. investors welcomed new Federal Reserve meeting minutes that indicated some caution among central bank leaders on the next interest rate increase. The GovCon Index gained 0.610 points to 79.820 with 10 of the GCI’s …

Read More »

June 28 Market Close: GovCon Index Shows Rebound as Markets Attempt Reversal From Brexit Shock

Executive Mosaic’s GovCon Index received a modest boost Tuesday from attempts by U.S. and global equity markets to shake off a two-day rout spurred by Britain’s vote to leave the European Union with help from strong activity in McKesson Corp. (NYSE: MCK) and Honeywell (NYSE: HON). The GovCon Index gained 0.725 points to 76.502 as the …

Read More »

June 17 Market Close: GovCon Index Falls to Snap 4-Week Gain Streak

The GovCon Index fell for a third consecutive session Friday by 0.435 points to 78.356 in a close that snaps the GCI’s four-week gain streak as market activity was shaped by continued reaction to the latest Federal Reserve interest rate outlook and uncertainty over the Brexit referendum. The GCI recorded a weekly decline of …

Read More »

June 16 Market Close: GovCon Index Pares Losses in PM Trade, Markets Hedge on UK EU Exit Vote

The GovCon Index staged a recovery in afternoon trade after a limp open Thursday but closed at a loss of 0.059 points to 78.791 as Britain’s referendum on whether to exit the European Union continued to dominate global financial market activity. All campaign activities surrounding the “Brexit” vote set for Thursday …

Read More »

June 2 Market Close: GCI Turns Around AM Decline, L-3 Hits 52-Week High on $2B AF Logistics Contract

The GovCon Index swung back into positive territory after an early morning decline Thursday and closed at a gain of 0.314 points to 78.927 as U.S. investors looked toward the release of Friday’s jobs report before markets open. L-3 Communications (NYSE: LLL) hit a new 52-week high in intraday trade after the New York City-based …

Read More »