Tag Archives: oil

December 11 Market Close: GovCon Index, US Stocks Plummet on Oil & Fed Jitters

The GovCon Index failed to sustain its rebound and mirrored sell-offs in the larger U.S. market Friday with a loss of 1.288 percent to 75.751. For the week, the Index recorded a decline of 3.236 percent but still holds in positive for the fourth quarter-to-date at a gain of 11.643 percent. …

Read More »

December 9 Market Close: GovCon Index Swaps AM Gains for Sharp Loss as Investors Anticipate Rate Hike

The GovCon Index plummeted from a strong morning open to close at a steep decline of 1.346 percent to 76.570 that mirrored sharp losses for U.S. markets in the afternoon session. The Index approached a 1-percent gain mid-morning before its entry into negative territory that mirrored the U.S.’ three major stock …

Read More »

December 7 Market Close: GovCon Index Plummets as Oil Price Declines Sink US Markets

The GovCon Index followed across-the-board declines in U.S. markets Friday with a loss of 0.307 points to 78.031 and only five out of 30 contractors that ended the day with gains. U.S. stocks tumbled as crude oil in New York settled down 5.8 percent to a new six-and-a-half-year low of $37.65 a barrel, …

Read More »

December 4 Market Close: GovCon Index, US Stocks Soar on Jobs Numbers

The GovCon Index posted a full rally from the prior day’s losses with a gain of 1.645 percent to 78.284 Friday on a similar surge in U.S. markets after the latest jobs report from the Labor Department. Friday’s climb recovered some damage incurred from Thursday’s plunge to bring the Index to a decline of 0.11 points — or …

Read More »

November 3 Market Close: GovCon Index Ends Nominally Down, US Stocks Up on Energy Rally

The GovCon Index turned around losses incurred during the morning session Tuesday but fell late afternoon to end at a nominal decline of 0.022 points to 77.949. Index stock Harris Corp. (NYSE: HRS) rose 1.62 percent to $81.00 after the military radio maker posted third quarter earnings above the consensus Wall Street …

Read More »

October 12 Market Close: GovCon Index, US Stocks Close Up on Light Volume Day

The GovCon Index gained 0.230 points to 74.428 Monday and mirrored a narrow day of trades for U.S. stocks that saw losses in the morning session followed by gradual gains afterward. Monday was a light volume day for U.S. markets due to the Columbus Day holiday and bond markets were closed, …

Read More »

October 8 Market Close: GovCon Index, US Stocks Reverse AM Losses After Fed Minutes Go Public

The GovCon Index turned around heavy losses incurred in the morning and early afternoon portions of trading Thursday to close at a gain of 1.303 percent to 73.773. U.S. stocks started to trade higher from 2 p.m. Eastern time after the release of the Federal Reserve‘s September meeting minutes that …

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 »

October 5 Market Close: GovCon Index Surges 2%, Investors Adjust Fed Expectations

The GovCon Index started the first full week of activity in October with a gain of 2.124 percent to 72.165 Monday as U.S. markets readjusted their outlook on an interest rate hike by the Federal Reserve. Navistar International (NYSE: NAV) led Index gainers with an 18.73-percent climb to a two-week high …

Read More »

October 2 Market Close: GovCon Index, US Stocks Swing Positive After AM Losses to Close Up

The GovCon Index recovered from early losses Friday after the release of September’s jobs report to record a gain of 0.689 points and close at 70.664. U.S. stock markets turned sharply negative after the open and remained down for the morning session, then rode a spike in crude oil prices to …

Read More »