Executive Mosaic’s GovCon Index backtracked on Friday and gave up the gains from the previous day, slipping 0.40% to close at $138.28. Volatility took over major U.S. indices, with the Dow Jones Industrial Average (-0.83%), the Nasdaq Composite (-1.56%) and the S&P 500 Index (-1.22%) tumbling after Thursday’s rally. Only eight of the 30 GCI...
Executive Mosaic’s GovCon Index kept pace with Wall Street to start the week, posting modest gains characterized by quiet trading. All eyes are on the Feds as Chairman Jerome Powell and the governing council meet mid-week. Like the Dow Jones (+0.02%), Nasdaq Composite (+0.01%), and the S&P 500 (+0.07%), GCI edged 0.68% higher on Monday....
Executive Mosaic’s GovCon Index ended lower (-0.68%), if not flat, like the major U.S. indexes a day before Wednesday’s Federal Open Market Committee meeting. Due to the lack of catalysts to push stock prices higher, the Dow Jones Industrial Average (-0.02%), Nasdaq Composite (-0.1%), the S&P 500 Index (-0.07%) hardly moved from yesterday. Market participants...
Executive Mosaic’s GovCon Index stayed afloat mid-week, gaining a modest 0.02% to close at $138.65. Unfortunately, all major US stock indices sank after the Feds kept its benchmark rate unchanged, but hints of one more hike before the year ends. The Dow Jones Industrial Average and Nasdaq Composite closed down 0.22% and 1.53%, while the...
Executive Mosaic’s GovCon Index fell 1.86% to $136.11, and U.S. stocks slumped following the Feds’ hike pause but “higher rates for longer” warning on mid-week. The Dow Jones Industrial Average lost 370.46 points (1.08%), the tech-heavy Nasdaq Composite tumbled 1.8%, and the S&P 500 Index registered its worst drop (1.6%) since March 2023. However, the...
Executive Mosaic’s GovCon Index was not spared from the market correction, closing 0.70% lower at $135.16. While the index lost for the second straight day, eight constituents gained compared to only one from the previous trading day. All three major US indices extended their losing streak to four days.
Executive Mosaic’s GovCon Index averted a three-losing streak, while the major US indices ended their slump to start a critical week. However, the equities market remains shaky due to surging bond yields, downward revisions of corporate earnings estimates, and a potential government shutdown.
Executive Mosaic’s GovCon Index is back in the red, slipping 0.99% to $134.27 following the sharp losses of three major US indexes. The Dow Jones Industrial Average registered its most significant one-day drop (388 points or -1.14%) since March this year, while the Nasdaq Composite and the S&P 500 Index declined 1.57% and 1.47%, respectively....
Executive Mosaic’s GovCon Index shed 0.17% to close lower at $135.42, but the pullback in oil prices and Treasury yield boosted the major U.S. indexes. The tech-heavy Nasdaq Composite (+0.83%) gained the most from the reduced selling pressure, while the S&P 500 (+0.59%) and the Dow Jones (+0.35%) ticked higher. U.S. West Texas Intermediate and...
Executive Mosaic’s GovCon Index gained a modest 0.1% to close at $135.54 on the last trading day of the month and quarter. All three major indexes had a good start but eventually gave in to the selling pressure. The Nasdaq Composite registered a marginal gain of 0.14%, but the Dow Jones Industrial Average and the S&P...
