Nasdaq 100 Eyes Record High Close, Fifth Positive Week As Traders Flock To AI-Linked Stocks: What's Driving Markets Friday? - Booz Allen Hamilton (NYSE:BAH) benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
During the previous week, increasing investor confidence led to a positive trend in stock market indexes. The S&P 500 Index experienced a rise of 1.55%, while the Dow Jones Industrial Average Index grew by 0.32%. However, despite the overall favorable performance throughout the week, U.S. stocks concluded on a lower note on Friday due to concerns surrounding the halt in debt ceiling negotiations in the United States. In the approaching trading week, the market is expected to be influenced by
DOJ filed a lawsuit to enjoin Booz Allen Hamilton Corp from merging with EverWatch Corp claiming the merger would violate Section 1 of the Sherman Act and relevant market where competition will be decreased is a single procurement being conducted by National Security Agency.
On July 8, 2022, the U.S. Department of Justice (DOJ) filed a motion for an emergency preliminary injunction to abrogate Booz Allen Hamilton Holding Corporation's (Booz Allen's) merger.