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Tag Archives: Vectrus

September 30 Market Close: GovCon Index Held By Vectrus Plunge Against S&P Gain, Post 2nd Straight Down Month

Executive Mosaic’s GovCon Index failed to reverse its steep morning decline Friday despite a significant gain by the S&P 500 as a record intraday plunge by Vectrus (NYSE: VEC) on a large contract loss weighed on the GCI against a 2-to-1 ratio in favor of green stocks. Six of the GovCon Index’s 11 S&P 500 …

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September 27 Market Close: GovCon Index Lifted By Defense Tech Maker Gains, Fitch Ratings Backs Sector

Executive Mosaic’s GovCon Index rebounded Tuesday on gains by defense technology makers as U.S. stocks also rose with jumps by technology and retail shares in conjunction with investor optimism on new consumer confidence data. GovCon Index gainers outnumbered laggers at a 4-to-1 ratio and all 11 of its S&P 500 companies advanced as co-listed stocks represented seven of …

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September 26 Market Close: GovCon Index, US Stocks Down Ahead of 1st Presidential Debate

Executive Mosaic’s GovCon Index showed little change Monday to start September’s final trading week as U.S. stocks declined on investor anticipation over the first U.S. presidential debate to take place six weeks before the Nov. 8 election. GovCon Index decliners outnumbered gainers at a 2-to-1 ratio and two of its S&P 500 companies closed green with …

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September 26 Morning Report: GovCon Index Registers Weekly Gain on Fed’s Interest Rate Decision

Executive Mosaic’s GovCon Index closed Friday with a decline of 0.495 percent to 81.375 but posted a weekly gain of 2.57 percent after the Federal Reserve decision Wednesday to maintain current interest rates. The GCI’s S&P 500-listed companies and other large defense contractors helped drive gains, with Northrop Grumman (NYSE: NOC) as the top net performer Friday …

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September 23 Market Close: GovCon Index Rally Halted, Posts Weekly Gain as Energy Weighs on US Stocks

Executive Mosaic’s GovCon Index dropped Friday but registered a weekly gain as U.S. stocks took a break from their two-day surge after the Federal Reserve left interest rates unchanged Wednesday. The post-Fed decision rally helped the GCI add 2.57 percent over five days with its S&P 500-listed companies and other large defense platform makers among the drivers of gains as …

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September 21 Market Close: GovCon Index Returns Above 80 After Fed Holds on Rate Hike & Signals December Move

Executive Mosaic’s GovCon Index added 1 percent Wednesday to record its best session in two months and close above 80 points for the first time since Sept. 12 with 29 out of 30 stocks in positive after the Federal Reserve left benchmark interest rates unchanged and signaled a potential move in …

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September 20 Market Close: GovCon Index Lower on HII Downgrade, US Stocks Higher as Fed Meeting Begins

Executive Mosaic’s GovCon Index closed in narrow range Tuesday after Cowen and Company downgraded the stock of military shipbuilder Huntington Ingalls Industries (NYSE: HII) and GCI decliners over gainers at roughly 2-to-1 ratio. Newport News, Virginia-based Huntington Ingalls ended as the GovCon Index’s worst net performer on Cowen and Company’s downgrade of HII to …

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5 Contractors Win Spots on Potential $900M Navy Incidental Construction Services IDIQ

The U.S. Navy has selected five companies to compete for short-term facility support orders under a potential eight-year, $900 million indefinite/delivery-indefinite quantity contract. The multiple-award contract has one base year and seven option years and contractors will provide incidental construction services in support of disaster relief missions,   humanitarian efforts, the full range …

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September 19 Market Close: GovCon Index Lifts, US Stocks Mixed Ahead of Fed Policy Summit

Executive Mosaic’s GovCon Index rose Monday in an attempt to close above the 80-point barrier for the first time since Sept. 12 on gains by large defense primes and services-oriented companies. The GCI’s positive movement contrasted activity in U.S. financial markets as stocks turned south in the final hour of trade and closed mixed ahead …

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September 16 Market Close: GovCon Index Down, Ends Week at Loss Ahead of Fed Rate Summit

Executive Mosaic’s GovCon Index held negative Friday to end at a weekly decline as U.S. stock markets extended the current stretch of sharp swings between gains and losses as the Federal Reserve‘s next two-day meeting looms for Tuesday and Wednesday. Decliners outnumbered advancers 9-to-1 and all of the GovCon Index’s S&P …

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