Executive Mosaic’s GovCon Index declined 0.40% to $5,524.24 following new headwinds. Major U.S. stock, led by the tech-heavy Nasdaq Composite (-1.01%), lost ground due to sudden headwinds. The Dow Jones Industrial Average (-0.75%) and S&P 500 (-0.76%) retreated from record highs.
Author: Aidan Daly (Aidan Daly)
October 14 Market Report: Executive Mosaic’s GovCon Index Outperforms, Record-Setting Monday at Wall Street
Executive Mosaic’s GovCon Index outperformed to start the week, climbing 0.74% to $5,546.14. It was all green at Wall Street, with the Dow Jones Industrial Average (+0.47%) and S&P 500 (+0.77%) posting new record closing highs for the second straight session. The Nasdaq Composite (+0.87%) almost hit a fresh record.
October 16 Market Report: Executive Mosaic’s GovCon Index and Wall Street Ends Higher After an About-Turn
Executive Mosaic’s GovCon Index made an about-turn, ending 1.21% higher at $5,592.18. Wall Street turned positive, buoyed by strong corporate earnings reports. The S&P 500 (+0.47%) and Nasdaq Composite (+0.28%) posted modest gains, while the Dow Jones Industrial Average (+0.79%) gained 337.28 points to 43,077.70 for a new record close.
October 11 Market Report: Executive Mosaic’s GovCon Index Bounces Back, New Earnings Season Kicks Off
Executive Mosaic's GovCon Index bounced back from Thursday's steep loss, rising 1.42% to $5,505.35. Wall Street turned positive as the third-quarter earnings season gets underway. The Dow Jones Industrial Average (+0.97%) and S&P 500 (+0.61%) finished at all-time closing highs, while the Nasdaq Composite (+0.33%) settled higher.
October 10 Market Report: Executive Mosaic’s GovCon Index Falls Sharply, Wall Street Tilts Lower
Executive Mosaic's GovCon Index fell 1.06% to $5,426.99 following a selloff. The Dow Jones Industrial Average (-0.14%), S&P 500 (-0.21%) and Nasdaq Composite (-0.05%) ended lower on moderate losses. The latest consumer price index reading shows that inflation is slowing, but the fight isn't over.
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.
October 8 Market Report: Executive Mosaic’s GovCon Index Reverses Course, Wall Street Rebounds
Executive Mosaic’s GovCon Index reversed course from Monday’s tumble, finishing at $5,459.73 (+0.44%). Wall Street rebounded as the Nasdaq Composite (+1.45%) and S&P 500 (+0.97%) staged a comeback. The blue-chip Dow Jones Industrial Average (+0.30%) added 126 points. GCI's Palantir Technologies (NYSE: PLTR) was among the day's top gainers.
October 7 Market Report: Executive Mosaic’s GovCon Index Slides, US Stocks Weaken as Bond Yields Rise
Executive Mosaic's GovCon Index lost steam to start the week, sliding 0.61% to $5,436.01. Wall Street turned red as reduced rate cut expectations pushed bond yields higher. The Nasdaq Composite (-1.18%) fell sharply, while the Dow Jones Industrial Average and S&P 500 lost nearly one percent.
October 4 Market Report: Executive Mosaic’s GovCon Index Rises, Resilient Labor Market Lifts Wall Street
Executive Mosaic's GovCon Index ended 49% higher at $5,469.34, marking another winning week. Wall Street flashed green, bannered by the tech-heavy Nasdaq Composite (+1.22%) and the broader S&P 500 Index (+0.90%). The Dow Jones Industrial Average Nasdaq Composite (+0.81%) closed at a fresh record high.
October 1 Market Report: Executive Mosaic’s GovCon Index Rises to Start Q4 2024, Defense Stocks Outperform
Executive Mosaic’s GovCon Index finished 1.45% higher at $5,449.09, a strong start to Q4 2024. On the other hand, Wall Street’s major indexes were all red. The Nasdaq Composite and S&P 500 sunk 1.53% and 0.93% on Tuesday, while the Dow Jones Industrial Average (-0.41%) fell from its record high.