Tag Archives: oil

April 14 Market Close: GovCon Index Down on Mixed Day for US Stocks

The GovCon Index mirrored a mixed day for U.S. stocks Tuesday as it closed down 0.105 points to 76.004. Bloomberg cited increases of energy shares in tandem with oil prices and a decline in technology stocks as among the drivers of Tuesday’s trading activity. The Dow Jones Industrial Average climbed …

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March 26 Market Close: GovCon Index Snaps 3-Day Loss Streak, Yemen News Sends Oil Price Up

The GovCon Index  closed in positive territory Thursday for the first time in three days with a nominal gain of 0.280 points to 68.467. News that Saudi Arabia and its Middle East allies started a military operation in Yemen helped drive crude oil futures up 4 percent to $51.43 per barrel, CNBC reported. …

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March 24 Market Close: GovCon Index Dips as Dollar, Oil Figures Rise

The GovCon Index closed at a coss for a second consecutive day Tuesday as it recorded a decline of 0.318 points to 69.709. A 6-cent increase in crude oil and another increase in the U.S. dollar against other currencies drove U.S. trading activity Tuesday on a day that saw stocks decline, according to CNBC. Stocks traded …

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March 16 Market Close: GovCon Index Rises as Dollar, Oil Fall Ahead of Fed Meeting

The GovCon Index started the week off with a rise of 1.66 percent — or 1.166 points — to close at 69.061 on Monday. Investors will look to see if the Federal Open Market Committee will retain the word “patient” in its next statement scheduled for Wednesday after its two-day March meeting, CNBC reports. …

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January 12 Market Close: GovCon Index Falls, Investors Prep for Earnings Season

The GovCon Index started the week with a loss of 0.512 points — or 0.732 percent — to close at 70.483 on Monday. Investors showed concern over continued declines in oil prices and are preparing to watch the start of quarterly earnings reports, CNBC reports. Crude futures on the New York Mercantile Exchange …

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December 15 Market Close: GovCon Index Slips, Oil Prices Continue Plunge

The GovCon Index started the last full week before the Christmas and New Year holidays with a slight decline of 0.299 points — or 0.444 percent — to close at 67.649 on Monday. Oil prices continued to garner much of the attention from investors and the price-per-barrel of crude oil on the New …

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October 15 Morning Report: GovCon Index Inches Up as Global Concerns Hold

The GovCon Index entered Wednesday trading at 62.785 — approximately 0.82 percent higher than Tuesday’s figure, or an increase of 0.52. Reuters cited concerns over Ebola, the impact of weak global economic figures on U.S. corporate earnings and a decline in oil prices as drivers of Tuesday’s investment activity.   Top Percentage Gainers Company …

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URS FY 2012 Revenue Up 15, 4Q Jumps 24%; Martin Koffel Comments

URS Corp. (NYSE: URS) has announced financial results for its full 2012 fiscal year ended Dec. 28, 2012. The San Francisco-based engineering and government contractor reported $10.97 billion in revenue for the full year, a 15-percent increase over fiscal 2011 figures. Fourth quarter 2012 revenue increased 24.2 percent over the prior …

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URS Oil & Gas Sector Helps Drive 19% 3Q Revenue Jump; Mark Cabrey Comments

URS Corp. (NYSE: URS) has announced financial results for the third quarter of its 2012 fiscal year, ended Sept. 28, 2012. The company reported third quarter revenues of $2.95 billion, representing a 19 percent increase from the $2.47 billion recorded for the third quarter of 2011. Revenue in the oil …

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