Tag Archives: IMF

October 4 Market Close: GovCon Index Falls on Defense Prime Declines, Strong Dollar and IMF Forecast Weigh on Markets

Executive Mosaic’s GovCon Index declined Tuesday with major defense primes and large services companies the major contributors to its losses as U.S. stocks also tumbled on a stronger dollar and a muted global outlook from the International Monetary Fund. GovCon Index gainers outnumbered laggers by a 2-to-1 ratio, McKesson Corp. (NYSE: MCK) was …

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April 7 Market Close: GovCon Index Sinks 1% as Investors Worry Over Central Bank Policy

The GovCon Index suffered its largest percentage drop in two months Thursday at 0.987 percent — or -0.738 points — to 74.031 with satellite services provider Intelsat (NYSE: I) and rocket maker Orbital ATK (NYSE: OA) the only GCI stocks to close in positive at 3.23 percent and 4 cents, respectively. Maximus (NYSE: MMS) …

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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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June 18 Market Close: GovCon Index Jumps, Investors Cheer Fed Statement

The GovCon Index more than tripled its gains from the previous two trading days to record a climb Wednesday of 0.712 points and close at 77.150. U.S. investor confidence grew during Wednesday’s trading session after the Federal Reserve said it thought the economy would be strong enough to handle an interest …

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January 20 Market Close: GovCon Index Holds Up, Investors Await Euro Bank Move

The GovCon Index recorded a 50-50 split of gainers and laggers Tuesday to reach a nominal gain of 0.237 points — or 0.170 percent — to close at 71.291. A reduction in the International Monetary Fund’s worldwide growth forecasts for 2015 and 2016 was balanced by technology sector gains willingness among investors to hold back from more …

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