Executive Mosaic’s GovCon Index rose 1.04% to $4,607.73 as the broad market rally on Thursday ended Wall Street’s slump. The Nasdaq Composite (+1.35%) and the blue-chip Dow Jones Industrial Average (+0.54%) recouped their losses, while the S&P 500 (+0.88%) inched closer to its record-high close registered in January 2022.
Author: Aidan Daly (Aidan Daly)
January 17 Market Report: Executive Mosaic’s GovCon Index and Major Indexes Extend Slumps
Executive Mosaic’s GovCon Index lost 0.25% to close lower at $4,559.91. The Dow Jones Industrial (-0.25%), S&P 500 (-0.56%), and Nasdaq Composite (-0.59%) slipped anew as investors’ expectations of early rate cuts dim. The ten-year Treasury yield rose to 4.113% and added pressure on stocks.
January 16 Market Report: Executive Mosaic’s GovCon Index and Major Indexes Sink After Long Weekend
Executive Mosaic’s GovCon Index drops 1.5% to $4,571.41 after a strong comeback before the long weekend. Wall Street’s major indexes flashed red, opening the shortened trading week with losses. Despite its slip, the S&P 500 (-0.37%) remains close to its all-time high from two years ago.
January 16 Market Report: Executive Mosaic’s GovCon Index and Major Indexes Sink After Long Weekend
Executive Mosaic’s GovCon Index drops 1.5% to $4,571.41 after a strong comeback before the long weekend. Wall Street’s major indexes flashed red, opening the shortened trading week with losses. Despite its slip, the S&P 500 (-0.37%) remains close to its all-time high from two years ago.
January 12 Market Report: Executive Mosaic’s GovCon Index Bounces Back, Nearly All Constituents Advance
Executive Mosaic’s GovCon Index surged 1.46% to $4,639.99 and upstaged the major indexes. The Dow Jones Industrial Average inched lower (-0.31%), while the S&P 500 (+0.08%) and Nasdaq Composite (+0.02%) posted modest gains. Still, moderating inflation and corporate earnings could buoy the markets this week and after.
January 11 Market Report: Executive Mosaic’s GovCon Index Swings to Red, Major Indexes Hardly Move
Executive Mosaic’s GovCon Index went red after slipping 0.23% to $4,571.84. U.S. stocks wavered throughout the session but the major indexes closed mixed. The Dow Jones Industrial Average (+0.04%) and S&P 500 (-0.07%) posted slight gains and losses, while the Nasdaq Composite snapped its winning streak and finished flat.
January 10 Market Report: Executive Mosaic’s GovCon Index Posts Gains, Wall Street Regains Strength
Executive Mosaic’s GovCon Index advanced 0.49% to $4,582.22 and recovered lost ground. Wall Street regained strength mid-week with the S&P 500 (+0.57%) closing below its all-time high. The Dow Jones Industrial Average added 0.45%, while the tech-heavy Nasdaq (+0.75%) extended its winning streak to five days.
January 9 Market Report: Executive Mosaic’s GovCon Index Retreats, Nasdaq Gains on Mixed Trading
Executive Mosaic’s GovCon Index is back in the red after sliding 0.45% to $4,559.55. The Dow Jones Industrial Average and S&P 500 drifted lower, but the Nasdaq posted a modest gain to keep its winning streak going. The ten-year Treasury yield edged higher while oil prices recovered from sharp losses.
January 8 Market Report: Executive Mosaic’s GovCon Index Rebounds, Big Tech Stocks Lead Market Rally
Executive Mosaic’s GovCon Index rose 0.31% to $4,580, snapping its four-day skid in January. Big Tech stocks led a market rally that lifted the Nasdaq Composite (+2.2%) and the S&P 500 (+1.41%). The blue-chip Dow Jones Industrial Average ticked higher (+0.58%) to register three straight days of gains.
January 5 Market Report: Executive Mosaic’s GovCon Index Extends Skid, Major Indexes Post Gains to End Lackluster Week
Executive Mosaic’s GovCon Index dipped 0.21% to $4,565.98, extending its skid in January to four days. However, Wall Street’s major indexes subdued the pressure and ended higher. The ten-year Treasury yield rose above 4% after the U.S. Bureau of Labor Statistics reported a stronger-than-expected December jobs report.