Executive Mosaic’s GovCon Index posted a third straight daily loss, sinking further to $5,485.41 (-0.56%). Wall Street’s major indexes fell into red territory due to various headwinds. A selloff hit the Nasdaq Composite (-1.60%), while the Dow Jones Industrial Average (-0.96%) and S&P 500 (-0.92%) extended their losing streaks to three days. Only 28% of...
Author: Aidan Daly (Aidan Daly)
October 22 Market Report: Executive Mosaic’s GovCon Index Drops Sharply, Major U.S. Indexes Settles Mixed
Executive Mosaic’s GovCon Index suffered its worst drop since early September, declining 1.81% from $5,616.01 to $5,515.95. Wall Street’s closing was similar to Monday’s. The blue-chip Dow Jones Industrial Average (-0.02%) and the broader S&P 500 Index (-0.05%) finished lower, while the tech-heavy Nasdaq Composite (+0.18%) edged higher. Earnings reports flooded the market. Automotive manufacturer...
October 21 Market Report: Executive Mosaic’s GovCon Index Settles Lower, Wall Street’s Record Run Ends
Executive Mosaic’s GovCon Index settled slightly lower at $5,616.01 (-0.03%) to start a new trading week. The blue-chip Dow Jones Industrial Average (-0.80%) and broader S&P 500 Index (-0.18%) retreated from Friday’s record highs and snapped their runs, while the tech-heavy Nasdaq Composite (+0.27%) ended in positive territory. Only 30% of Nasdaq constituents advanced, although...
October 18 Market Report: Executive Mosaic’s GovCon Index Records Highest Close, Wall Street Stays Positive
Executive Mosaic’s GovCon Index rose 0.33% to $5,617.83, a record close since the launch in December 2023. Major U.S. stock indexes stayed positive, with the Dow Jones Industrial Average (+0.09%) notching another all-time high. The broader S&P 500 (+0.40%) and Nasdaq Composite (+0.63%) settled higher. Netflix (Nasdaq: NFLX) was the top gainer with +11.09%. The streaming...
October 17 Market Report: Executive Mosaic’s GovCon Index Ticks Higher, Dow Jones Posts 39th Record Close
Executive Mosaic’s GovCon Index inched higher to $5,599.57 following a modest 0.13% gain. The Dow Jones Industrial Average (+0.37%) posted its 39th record close in 2024, while the Nasdaq Composite (+0.04%) stayed positive. Only the broader S&P 500 Index (-0.02%) turned red Thursday. Taiwan Semiconductor Manufacturing (NYSE: TSM) rose 9.79% after the chip manufacturer reported...
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 mid-week, 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. Encouraging quarterly results from...
October 15 Market Report: Executive Mosaic’s GovCon Index Closes Lower, Major U.S. Indexes Retreats
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. The proposed cap on AI chip sales abroad and falling crude oil prices caused...
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. Strong corporate earnings so far...
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. JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE:...
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. Micron Technology (Nasdaq: MU) on the tech-heavy index advanced 3.92%,...