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May 3 Market Report: Executive Mosaic’s GovCon Index Extends Winning Streak, Weaker Jobs Data Lifts Wall Street
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May 3 Market Report: Executive Mosaic’s GovCon Index Extends Winning Streak, Weaker Jobs Data Lifts Wall Street

Executive Mosaic’s GovCon Index closed at $4,923.43 or 0.58% higher to continue its strong start in May. The 42.2% month-on-month drop in non-farm payrolls lifts Wall Street. All major indexes surged, with Nasdaq Composite rising nearly 2%, followed by the S&P 500 (+1.26%) and the Dow Jones Industrial Average (+1.18%).  

May 1 Market Report: Executive Mosaic’s GovCon Index Rises Slightly, Markets Lose Steam
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May 1 Market Report: Executive Mosaic’s GovCon Index Rises Slightly, Markets Lose Steam

Executive Mosaic’s GovCon Index turned positive mid-week, rising 0.14% to $4,891.06. Wall Street’s major indexes settled mixed, with the Dow Jones Industrial Average (+0.23%) closing modestly higher. The S&P 500 (-0.34%) and Nasdaq Composite (-0.33%) declined due to inflation risks. The U.S. Federal Reserve said interest rates will remain high.