Executive Mosaic’s GovCon Index remained in the red for the fourth consecutive session, declining 0.79% to $133.81. Wall Street tumbled, led by the nearly 431-point drop (-1.29%) by Dow Jones, as the blue-chip index erased all its gains for the year. The bond sell-off continues, with the 30-year Treasury yield touching a high 4.95%. The...
Executive Mosaic’s GovCon Index extended its losing streak, sliding by 0.26% to $133.47, in contrast to the modest recovery of the three major U.S. indexes. The Nasdaq Composite, S&P 500 Index, and the Dow Jones Industrial Average rose 1.35%, 0.81%, and 0.39% as Treasury yields retreated on mid-week. On the labor front, hiring in the...
Executive Mosaic’s GovCon Index is on the cusp of a losing week, declining 0.39% to close at $132.99. All three major indexes moved in a similar fashion as investors await the critical labor market data on Friday. Economists and market analysts believe the nonfarm payrolls report will determine the Federal Reserve’s next move on interest...
Executive Mosaic’s GovCon Index snapped its six-day losing streak and gained 1.17% to close at $134.57. There was panic at Wall Street initially when the stronger-than-expected jobs report came out, but traders were surprised about the turnaround that followed. The Dow Jones Industrial Average (+0.87%), S&P 500 Index (+1.18%) and Nasdaq Composite (+1.60%) ended the...
Executive Mosaic’s GovCon Index advanced 4.75% to $141.28 amid a raging Middle East war. Many expected the latest geopolitical tension to rattle the major indexes. Instead, the Dow Jones Industrial Average (+0.59%), S&P 500 Index (+0.63%), and the Nasdaq Composite (+0.39%) posted modest gains to start the week. Tel Aviv-35, Israel’s plunged 6.5% on Sunday....
Executive Mosaic’s GovCon Index edged higher to $141.63 (+0.24%), extending its winning streak to three days. Wall Street got a boost from the 13 basis points drop of the benchmark ten-year Treasury yield to 4.65% and easing oil prices. The Dow Jones Industrial Average (+0.40%), Nasdaq Composite (+0.58%) and the S&P 500 (+0.52%) posted modest...
Executive Mosaic’s GovCon Index sustained momentum and rose 0.42%, ending in the green again at $141.94. Wall Street also ticked higher mid-week despite an escalating Mid-East conflict and inflation fears. The Nasdaq Composite (+0.71%) and S&P 500 (+0.43%) finished stronger than the blue-chip Dow Jones (+0.19%). Concerns about inflation returned after the Department of...
Executive Mosaic’s GovCon Index slid 0.87% to $141.47 to snap its winning streak. All three major indexes lost steam as stocks succumbed to rising bond yields. After moving from green to red and vice-versa throughout the trading session, the Dow Jones Industrial Average (-0.51%), Nasdaq Composite (-0.63%) and the S&P 500 Index (-0.62%) fell in...
Executive Mosaic’s GovCon Index (+0.54%) and the Dow Jones Industrial Average (+0.12%), closed higher on Friday. The S&P 500 Index declined 0.5%, while the tech-heavy Nasdaq Composite shed 166.98 points (-1.23%) to end the week in the red. Investors worry about corporate earnings and the backlash from the Mid-East war. In the oil market, the...
Executive Mosaic’s GovCon Index edge higher, gaining 0.53% to $142.99. The major U.S. indexes also started the week strong, buoyed by optimism on earnings season. Blue-chip Dow Jones rose 0.93% (+324.15 points), while the Nasdaq Composite and S&P 500 advanced 1.2% and 1.06%, respectively. All 11 primary sectors of the benchmark S&P 500 traded higher...
