October 9 Market Report: Executive Mosaic’s GovCon Index Rises, Easing Recession Fears Lifts US Stocks

Executive Mosaic’s GovCon Index advanced for the second straight day, closing 0.45% higher at $5,484.66. Easing recession fears and a soft-landing scenario lifted the Dow Jones Industrial Average (+1.03%) and S&P 500 (+0.71%) to new records. The Nasdaq Composite (+0.60%) extended its rally.