Executive Mosaic’s GovCon Index atoned for its loss on Thursday and edged modestly higher to $144.06 (+0.02%). Trading was relatively quiet, although Wall Street registered another winning (third) week. The S&P 500 Index (+0.13%), Nasdaq Composite (+0.08%), and the Dow Jones Industrial Average (+0.01%) had small gains. More than half of the GovCon Index stocks...
Category: Contract Awards
December 21 Market Report: Executive Mosaic’s GovCon Index Turns Green, Wall Street Rally Resumes
Executive Mosaic’s GovCon Index turned green, with gainers lifting the total to $4,609.23 (+0.88%). All the major U.S. indexes atoned for their sharp drops on mid-week. The Dow Jones Industrial Average climbed more than 300 points, while the Nasdaq Composite ticked higher. The S&P 500 resumed its rally and is within 1% of its all-time...
January 4 Market Report: Executive Mosaic’s GovCon Index Slips, Major Indexes Struggle
Executive Mosaic’s GovCon Index closed 0.20% lower to $4,575.60, extending its slump to three days. Major indexes tried to shake off the rocky start in 2024, but only the Dow Jones Industrial Average (+0.03%) eked out a gain. The S&P 500 (-0.34%) and Nasdaq Composite (-0.56%) stayed in red territory. New contract awards boosted...
March 6 Market Report: Executive Mosaic’s GovCon Index Extends Gains, Wall Street Regains Ground
Executive Mosaic’s GovCon Index continued its momentum, rising 0.32% to $4,962.45 as 80% of its constituents advanced. Wall Street’s top stock market indexes regained ground and settled higher. The tech-heavy Nasdaq Composite (+0.58%) led the recovery from the previous selloff. On the S&P 500 Index, 41 stocks hit new 52-week highs, with chipmaker NVIDIA (Nasdaq:...
March 20 Market Report: Executive Mosaic’s GovCon Index Rises Again, Wall Street Buoyed by Clear Rate Path
Executive Mosaic’s GovCon Index advanced 0.74% to $4.919.04. All three major U.S. stock indexes jumped following a clear direction of interest rates. The Nasdaq Composite climbed 0.89%, while the Dow Jones Industrial Average (+1.03%) and S&P 500 (+0.89%) closed at new all-time highs. The market mood changed from gloom to boom after two-day Federal Open...
May 15 Market Report: Executive Mosaic’s GovCon Index Clings to Gain, Cooler Inflation Lifts US Stock Indexes
Executive Mosaic’s GovCon Index stayed positive, rising 0.19% to $5,021. for its second consecutive daily gain this week. All three major stock indexes posted news highs due to lower inflation readings in April. The Nasdaq Composite (+1.17%) and S&P 500 (+1.17%) finished strong, while the blue-chip Dow Jones (+0.885) closed near the 40,000 level. Top...
May 17 Market Report: Executive Mosaic’s GovCon Index Posts 4th Straight Daily Gain, Dow Jones Tops 40,000 Mark
Executive Mosaic’s GovCon Index closed 0.25% higher at $5,051.61, registering its fourth straight daily gain. The Dow Jones Industrial Average (+0.34%) ended above 40,000 for the first time in 139 years, while the S&P 500 (+0.12%) inched higher. Only the Nasdaq Composite (-0.07%) turned red before the weekend. Meme stock GameStop (NYSE: GME) plunged...
August 27 Market Report: Executive Mosaic’s GovCon Index Ends Higher, Wall Street Up on Fractional Gains
Executive Mosaic’s GovCon Index climbed from Monday’s negative position, rising 0.46% to $5,431.55. Wall Street’s Big Three ended positive on fractional gains after the U.S. consumer confidence index rose to its highest level this month. The Dow Jones Industrial Average closed at a record high for the second straight session. Investors are on pause until...
August 28 Market Report: Executive Mosaic’s GovCon Index Sustains Gain, Major US Indexes Settle Lower
Executive Mosaic’s GovCon Index closed higher at $5,454.70 (+0.42%) for a second straight daily gain. Wall Street retreated on tech sector weakness. The Nasdaq Composite (-1.12%) sunk to a two-week low, while the Dow Jones Industrial Average (-0.39%) and S&P 500 (-0.60%) settled lower. AI king NVIDIA (Nasdaq: NVDA) declined 2.1% for the day and...
August 29 Market Report: Executive Mosaic’s GovCon Index Extends Winning Streak, Hits New Record Close
Executive Mosaic’s GovCon Index rose 0.86% to $5,501.82, a new record close. On Wall Street, the blue-chip Dow Jones Industrial Average advanced 0.59% to a fresh record, while the benchmark S&P 500 was flat. The tech-heavy Nasdaq Composite (-0.23%) ticked lower due to the slump of a top constituent. NVIDIA (Nasdaq: NVDA) fell 6.38%, notwithstanding...