Tag Archives: oil

January 12 Market Close: GovCon Index 4-Day Losing Streak Ends w/ 1% Climb

The GovCon Index snapped a four-day streak of declines Tuesday with a surge upward of 1.129 percent to 74.285 in another volatile trading day for U.S. financial markets driven by continued oil price declines and attention on China. Crude oil futures in New York settled 50 minutes later than usual …

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January 7 Market Close: GovCon Index, US Stocks Fall 2% as China Fears Grow

The GovCon Index continued to mirror deep losses in U.S. and global financial markets Thursday with a decline of 2.293 percent to 74.525 as investor fears over China’s economy and falling oil prices grew. Science Applications International Corp. (NYSE: SAIC) and Booz Allen Hamilton (NYSE: BAH) were the Index’s only …

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January 6 Market Close: GovCon Index Nosedives as Oil, China Weigh on US Markets

The GovCon Index suffered a reversal from the prior day’s gain Wednesday to close at a decline of 0.7 points — or 0.910 percent — to 76.185 as U.S. investors reacted to more oil price declines and showed continued concerns about China’s economy. The S&P 500 plunged 1.31 percent to …

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January 4 Morning Report: GovCon Index Ends 2015 Down on Oil Price Declines

The GovCon Index closed Wednesday with a loss of 0.621 points to 77.761 on oil price declines and remains above the 10-percent mark for a gain against declines in several sectors within the S&P 500 composite index on a year-to-date basis. Crude futures in New York settled down 3.06 percent to $36.71 a barrel, while brent crude …

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December 31 & 2015 Market Close: GovCon Index Ends Year on Down Note, Short of 10% YTD Gain

The GovCon Index ended 2015 on a negative note Thursday with a decline of 1.124 percent to 76.995 and fell short of a year-to-date gain of at least 10 percent. The Index has recorded a full-year gain of 9.01 percent driven by a surge in volume for defense stocks after …

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December 30 Market Close: GovCon Index Retreats, Traders Return to Oil Focus

The GovCon Index held in negative territory throughout Wednesday and closed at a loss of 0.621 points to 77.761 as U.S. markets continued to be weighed down by oil price declines in both of the commodity’s major benchmarks. On a year-to-date basis, the Index remains above the 10-percent mark for a gain against declines in …

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December 16 Market Close: GovCon Index, US Stocks Climb as Fed Pulls Trigger on Interest Rate Hike

The GovCon Index held steady in positive territory over morning and midday activity then surged in the afternoon session to close at a gain of 1.21 percent to 76.944 on news that the Federal Reserve increased interest rates for the first time since June 2006. Short-term interest rates will go up 0.25 …

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December 15 Market Close: GovCon Index, US Stocks Rise as Investors Await Fed’s Interest Rate Call

The GovCon Index rebounded with the larger U.S. stock market Thursday to record a gain of 0.165 points to 75.932 on the last trading day before the Federal Reserve‘s two-day meeting. Navistar International (NYSE: NAV) led Index gainers at 7.69 percent to $8.82 a day after the armored truck manufacturer hit a 52-week low of …

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December 14 Market Close: GovCon Index Down, US Stocks Slightly Green on Oil Bounce

The GovCon Index turned around a sharp late morning decline Monday with a rally in a choppy afternoon session but fell short of a full recovery as it closed at a nominal loss of 0.063 points to 75.717. U.S. crude oil futures nearly hit an 11-year low in early-morning activity but ended the day with a …

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