Tag Archives: International Monetary Fund

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) …

Read More »

October 6 Market Close: GovCon Index Dips as Oil Rises, Dollar Weakens

The GovCon Index struggled for gains Tuesday after a positive open and closed at a decline of 0.357 points to 71.808. U.S. stocks declined after five days of positivity as biotechnology shares declined and investors also responded to the International Monetary Fund’s statement that the organization remain concerned over economies in developing nations, …

Read More »

July 9 Market Close: GovCon Index, US Stocks Rebound Ahead of Greek Proposal Deadline

The GovCon Index bounced back from the prior day’s losses on Thursday to close at a gain of 0.572 points and end at 74.650. Financial shares recovered ground from Wednesday’s declines as investors waited to see if Greece would meet its Thursday midnight deadline to give European leaders a plan for spending …

Read More »

June 29 Market Close: Greece Default Fears Sink GovCon Index, US Stocks

The GovCon Index mirrored across-the-board losses in U.S. markets Monday with a decline of 2.386 percent to 74.333 on a day that saw the possibility of default by Greece on a repayment to the International Monetary Fund loom over trading activity. Greece closed down its banking system and Standard & Poor’s puts the …

Read More »

June 11 Market Close: GovCon Index Advances, US Stocks Nudge Up After Greece News

The GovCon Index closed in positive territory for the second consecutive day Thursday with a gain of 0.485 points to 76.738. CNBC said U.S. stocks held onto gains made in the morning session despite investor worries over a Reuters report that quoted an International Monetary Fund spokesperson that said Greece and the …

Read More »

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 …

Read More »