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.
Category: News-comment
September 25 Market Report: Executive Mosaic’s GovCon Index & U.S. Indices Close Modestly Higher to Start a Critical Week
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.
December 12 Market Report: Executive Mosaic’s GovCon Index and U.S. Stocks Swing Higher, Feds Hold Last Meeting in 2023
Executive Mosaic’s GovCon Index Total rose 0.5% to $4,619.20 and swung higher along with most U.S. stocks. The Dow Jones (+0.48%) and S&P 500 Index (+0.46%) hit their highest intraday levels since January 2022, while The Nasdaq Composite rose 0.70% to touch a new intraday high since April last year.
February 5 Market Report: Executive Mosaic’s GovCon Index and Wall Street Sinks, Hope of Early Rate Cut Fades
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.