Executive Mosaic’s GovCon Index edged slightly lower to $5,092.63 (-0.17%), extending its losing streak to six days. The blue-chip Dow Jones Industrial Average (-0.13%) posted its fourth-straight daily loss, while the tech-heavy Nasdaq Composite (+0.60%) and broad S&P 500 Index (+0.39%) stayed positive. Market volatility rose due to geopolitical risks.
December 26, 2024
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Author: Aidan Daly (Aidan Daly)
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November 20 Market Report: Executive Mosaic’s GovCon Index Turns Positive, Ends Descent
Executive Mosaic’s GovCon Index rose 0.67% to $5,127.08, concluding its longest losing streak. The broad S&P 500 Index was flat on Wall Street, while the blue-chip Dow Jones Industrial Average (+0.32%) snapped its four-day skid. The tech-heavy Nasdaq Composite (-0.11%) flipped red following a modest loss.
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November 18 Market Report: Executive Mosaic’s GovCon Index Drops, Matches Longest Losing Streak
Executive Mosaic’s GovCon Index dropped 1.15% to $5,101.31, matching its longest losing streak. However, the index has lost 9.77% in five consecutive sessions compared to -2.09% in the losing run five months ago. Uncertainty over possible changes in the government contracting industry in 2025 continues to weigh on GCI constituents. Wall Street’s top benchmarks finished...
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November 15 Market Report: Executive Mosaic’s GovCon Index Sinks Deeper, Post-Election Rally Ends
Executive Mosaic’s GovCon Index sunk deeper, declining 1.83% at $5,160.07. The fourth-straight daily loss followed the index’s 6.2% plunge the day before. Meanwhile, the Dow Jones Industrial Average (-0.70%) and S&P 500 (-1.32%) suffered their worst drops since Election Day. Lower rate cut expectations in December was a major headwind.
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November 14 Market Report: Executive Mosaic’s GovCon Index Posts Largest One-Day Loss
Executive Mosaic’s GovCon Index slumped 6.2% to $5,254.73, its largest one-day loss since the launch in December 2023. The index lost ground on fears of sweeping changes in the federal government contracting industry in 2025 under a new administration. Wall Street's top three benchmarks ended lower Thursday.
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November 13 Market Report: Executive Mosaic’s GovCon Index Sinks Again, Wall Street Rally Falters
Executive Mosaic’s GovCon Index widened its loss from Tuesday, sinking 1.31% to $5,580.46. Major indexes started strong but the rally faltered. The Dow Jones Industrial Average (+0.11%) and S&P 500 (+0.02%) settled slightly higher while the Nasdaq Composite (-0.26%) closed in the red.
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November 12 Market Report: Executive Mosaic’s GovCon Index Skids, Post-Election Rally Pauses
Executive Mosaic’s GovCon Index closes lower at $5,653.60 following a -0.79% skid. Wall Street’s post-election rally has paused or has ended as major US stock indexes turned red. The Dow Jones Industrial Average (-0.86%) shed 382.15 points, while the S&P 500 (-0.29%) and Nasdaq Composite (-0.09%) dipped from record highs. Around 77% of NYSE stocks...
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November 11 Market Report: Executive Mosaic’s GovCon Index Posts New High, Record Close for Dow Jones
Executive Mosaic’s GovCon Index rises 1.02% to $5,698.46, a new high. On Wall Street, the Dow Jones Industrial Average (+0.69%) closed 304.14 points for another record close. The S&P 500 (+.10%) and Nasdaq Composite (+0.06%) posted modest gains. Crypto-related stocks were the top market movers following Bitcoin’s (BTC-USD) climb to $88,455.05. Business intelligence platform and...
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November 8 Market Report: Executive Mosaic’s GovCon Index Hits Highest Close, Wall Street Rally Continues
Executive Mosaic’s GovCon Index recovered from Thursday’s dip, advancing 1.39% to $5,640.35, its highest close ever. The S&P 500 (+0.38%) and Nasdaq Composite (+0.09%) posted new all-time highs, while the Dow Jones Industrial Average (+0.59%) added nearly 260 points. GCI regains momentum The GovCon Index regained momentum Friday. Kratos Defense & Security Solutions (Nasdaq:...
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November 7 Market Report: Executive Mosaic’s GovCon Index Retreats, Post-Election Rally Holds
Executive Mosaic’s GovCon Index closed lower at $5,562.17 (-0.21%) after registering its first daily loss since Oct. 31. On Wall Street, the broader S&P 500 (-0.74%) and tech-heavy Nasdaq Composite (-1.51%) extended their post-election rallies, while the Dow Jones Industrial Average was flat. An added tailwind for US stocks was the Fed’s rate cut. GovCon...
