Executive Mosaic’s GovCon Index slumped for the third straight day, sliding 0.55% to $4,584.12. In contrast, Wall Street’s major indexes responded positively to the better-than-expected GDP growth. The S&P 500 (+0.53%) registered a fifth all-time high, while the Dow Jones Industrial Average (+0.64%) and Nasdaq Composite (+0.18%) posted gains. IBM (NYSE: IBM) surged 9.49%, and...
Executive Mosaic’s GovCon Index rose 0.89% to $4,625.36, ending its losing streak before the weekend. Only the Dow Jones Industrial Average (+0.16%) of the three major indexes advanced, a fifth record close in 2024. The S&P 500 (-0.07%) lost steam, while the Nasdaq Composite fell (-0.36%) on the weakness of chip stocks. Intel (Nasdaq: INTC) sunk 11.91%,...
Executive Mosaic’s GovCon Index picked up steam at the start of a busy week, rising 0.35% to $4,641.47. Two of the three major indexes log new records anew. The Dow Jones Industrial Average (+0.59%) and S&P 500 (+0.76%) posted their sixth-record close, while the tech-heavy Nasdaq Composite rose 1.12%. This week should be more eventful...
Executive Mosaic’s GovCon Index closed slightly higher to $4,649.58 (+0.17%) and stayed afloat as the FOMC meeting began. The Dow Jones Industrial Average (+0.35%) posted its seventh record close in 2024, while the S&P 500 (-0.06%) and Nasdaq Composite (-0.76%) turned red. Microsoft (Nasdaq: MSFT) slipped by 0.28% before presenting second-quarter results. After the bell,...
Executive Mosaic’s GovCon Index slipped 0.87% to $4,609.38 as major indexes hit session lows. Investors’ mood soured after the Feds held rates steady and dashed hopes of a March cut. The Dow Jones Industrial Average lost 317.01 points (-0.82%), while the S&P 500 (-1.61%) and Nasdaq Composite (-2.23%) fell sharply. Federal Reserve Chairman Jerome said...
Executive Mosaic’s GovCon Index rose nearly 1% to $4,651.64 as all major indexes rebounded in a broad market rally. The Nasdaq Composite popped 1.3% after sinking 2.23% on mid-week due to a Fed-induced selloff. It was also an excellent start to February for the Dow Jones Industrial Average (+0.97%) and the S&P 500 (+1.25%). Notably,...
Executive Mosaic’s GovCon Index slipped further to $4,615.41 (-0.77%) as investors’ confidence sank to start the week. Fed Chairman Jerome Powell confirmed on Sunday that no rate cut is coming in March. The Dow Jones Industrial Average (-0.71%), the S&P 500 (-0.32%), and the Nasdaq Composite (-0.20%) tumbled in unison.
Executive Mosaic’s GovCon Index advanced 0.90% to $4,657.29 and returned to positive territory, with one constituent notching a record gain. Wall Street’s major indexes recovered from Monday’s selloff but with small gains. The benchmark ten-year Treasury fell to 4.09% from its 11-day high of 4.177% in the previous session. Palantir Technologies (NYSE: PLTR) was the...
Executive Mosaic’s GovCon Index edged higher to $4,751.25 to keep its momentum going from last week. The Dow Jones Industrial Average (+0.33%) rose modestly but still posted a new all-time high. Both the S&P 500 (-0.09%) and Nasdaq Composite (-0.30%) slipped after Monday’s early rally fizzled. The tech-heavy Nasdaq Composite is on the cusp of...
Executive Mosaic’s GovCon Index dropped 1.15% to $4,697.07, ending its five-day winning streak. Wall Street was shellshocked by stubborn inflation, causing the blue-chip Dow Jones Industrial Average (-1.35%) to shed 524.63 points. The S&P 500 (-1.37%) and Nasdaq Composite (-1.80%) plunged on widespread losses. The Dow Jones had its worst day performance since March 2023,...
