The GovCon Index closed Friday with a loss of 1.349 percent to 70.204 to go back to correction. The Index also posted a 2.15-percent weekly decline on continued U.S. market volatility and mixed earnings reports from some listed government services companies. Bloomberg reported that the U.S. dollar strengthened after a report from the ...
The GovCon Index tumbled back into a correction Friday at a decline of 1.349 percent to 70.204 as U.S. investors reacted to the latest jobs report with a view toward whether the Federal Reserve would raise interest rates again this year. For the week, the Index posted a decline of 2.15 percent driven by continued...
The GovCon Index held in positive territory in choppy trade Thursday with a nominal gain of 0.109 points to 71.005 held up large jumps in the share prices of government services contractor CACI International (NYSE: CACI), satellite provider Intelsat (NYSE: I) and armored truck maker Navistar International (NYSE: NAV). With Thursday’s gain, the...
The GovCon Index recovered from a plunge of more than 1 percent its first hour of trade Monday to end with a loss of 0.311 points to 71.629 in activity that mirrored reversals in U.S. stocks from negative to positive. Gains in technology shares such as Facebook and Google‘s parent Alphabet helped drive the recovery...
As covered here yesterday, GovCon Wire’s parent company Executive Mosaic announced its inductions for the 2016 edition of the Wash 100 — EM’s annual selection of the government contracting arena’s most influential voices. These 100 individuals were chosen by EM’s editorial and organizational leadership as the executives...
The GovCon Index started 2016 with a steep decline of 1.712 percent to 75.764 Monday as U.S. stocks mirrored large losses in global financial markets over growth concerns. Armored truck maker Navistar International (NYSE: NAV) held against market forces with a gain of 8.94 percent to lead all GovCon Index gainers, and four other liste...
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, w...
