Tag Archives: oil

September 29 Market Close: GovCon Index Closes Up, Remains in Correction After Volatile Day

The GovCon Index regained some ground Tuesday with a gain of 0.244 points to 69.099 on a volatile day for U.S. markets as stocks attempted to reach stability. The Index is down 10.41 percent from its most recent high on July 16 to remain in correction territory and all three major U.S. …

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September 16 Market Close: GovCon Index, US Stocks Climb as Fed Meeting Starts

The GovCon Index extended its gains from the previous day’s trading session with a rise of 0.372 points to 73.557 Wednesday as the Federal Reserve started its highly-anticipated two-day meeting on monetary policy. Energy stocks climbed with oil prices after a report showed U.S. crude stockpiles fell by 2.1 million …

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September 10 Market Close: GovCon Index, US Stocks Ride Oil Bounce to Modest Gain

The GovCon Index recorded a modest gain in Thursday’s trading session at 0.204 points up to 72.278. CNBC reported crude oil rose $1.77 — or 4.01 percent — to $45.92 a barrel in New York a day after the commodity fell 3.9 percent and maintained its gains despite a report that showed weekly inventory beat the consensus …

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September 9 Market Close: GovCon Index Dips, US Markets Decline in PM Session

The GovCon Index closed down 0.686 points to 72.072 on a day that saw continued volatility in U.S. and global markets despite a rise in equities. All three major U.S. stock indices were up 1 percent at one point in the morning session and receded into negative territory in the 1:00 p.m. Eastern …

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September 2 Market Close: GovCon Index, US Stocks Rebound on Beige Book Report

The GovCon Index rebounded from two days of declines with a gain of 2.374 percent to close at 71.791 Wednesday as U.S. markets also tried to recover ground from prior losses. The Index remains 7.02 percent below its three-month high of 77.214 from Aug. 17 and is 1.62 percent down from its Aug. 28 …

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August 27 Market Close: GovCon Index, US Stocks Extend Rebound on GDP & Job Data

The GovCon Index extended its recovery to a second consecutive day on Thursday with a gain of 1.326 percent to 72.815. Overall, the Index has regained 4.59 percent of its losses from the recent six-day stretch of declines that mirrored larger U.S. market downturns. Economic data that showed U.S. gross domestic product …

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August 21 Market Close: GovCon Index, US Stocks Continue Tumble on China Worries & Commodity Plunge

The GovCon Index continued to reflect larger declines in U.S. and global stock markets Friday as it closed at a loss for the fourth consecutive day — down 2.783 percent to 73.012. Serco Group — the parent company of North American government contractor Serco Inc. — closed up 4.89 percent to $1.93 and was …

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August 10 Market Close: GovCon Index, US Stock Indices Climb 1% on Oil Rebound

The GovCon Index rebounded from two straight days of declines Monday to record a gain of 1.428 percent and close at 77.328. All three major U.S. stock indices also each advanced at least 1 percent Monday as investors gained confidence from a rise in oil prices despite a report that showed …

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August 7 Market Close: GovCon Index Dips, Earnings News Lifts Engility, US Stocks Down

The GovCon Index failed to hold its gains from the week’s worth of trading as it closed Friday with a loss of 0.258 points to 76.239. Engility Corp. (NYSE: EGL) shares skyrocketed 37.92 percent to 30.44 Friday after the government services contractor reported second quarter earnings that surpassed Wall Street’s consensus forecasts. Continued …

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April 16 Market Close: GovCon Index Stuck in Neutral, US Stocks Dip

The GovCon Index recorded a nominal gain for the second consecutive trading day to the tune of 0.064 points for a closing figure of 76.092. U.S. stocks saw nominal losses despite gains in the oil market during the afternoon session and positive earnings reports from financial services firms Citigroup and Goldman Sachs, the …

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