Executive Mosaic’s GovCon Index outperformed despite slow economic growth and persistent inflation, rising 0.70% to $4,869.50. Wall Street’s major indexes retreated to the red zone. The Dow Jones Industrial Average (-0.96%) shed 375 points, while the S&P 500 (-0.46%) and Nasdaq Composite (-0.64%) escaped closing at their worst levels.
Executive Mosaic’s GovCon Index lost steam mid-week, sliding 0.56% lower to $4,835.43. The earnings season went into high gear but was inadequate to buoy the markets. All three major indexes hardly moved, although the S&P 500 (+0.02%) and Nasdaq Composite (+0.10%) ended positive on very modest gains.
Executive Mosaic’s GovCon Index rose 0.91% to $4,862.49, extending its winning streak to three days. Wall Street flashed green on strong corporate earnings. The Nasdaq Composite (+1.59%) and S&P 500 (+1.20%) recouped last week’s losses as the Dow Jones Industrial Average (+0.69%) stayed in positive territory.
Executive Mosaic’s GovCon Index stayed positive, rising 0.64% to 4,818.03. Wall Street’s major indexes flashed green to start a fresh and busy week. The S&P 500 (+0.87%) and Nasdaq Composite (+1.11%) ended their slumps, while the Dow Jones Industrial Average (+0.675) advanced triple digits.
Executive Mosaic’s GovCon Index rose 1.08% to $4,786.97 after its higher-priced stocks outperformed. Market volatility remained elevated due to the escalating Mid-East strife. The Nasdaq Composite (-2.05%) lost nearly 320 points and the S&P 500 sank 0.88%, while the Dow Jones Industrial Average (+0.56%) ended above water.
Executive Mosaic’s GovCon Index declined 0.11% to end lower at $4,735.44 for the second straight day. Wall Street barely moved, although the Dow Jones Industrial Average (+0.06%) ended positive. The S&P 500 (-0.22%) and tech-heavy Nasdaq Composite (-0.52%) stayed in the negative zone. The ten-year Treasury yield rose to 4.64%.
Executive Mosaic’s GovCon Index is back in negative territory, dipping 0.33% to $4,740.64. Wall Street extended its slump, aided by the weakness of tech stocks. The Nasdaq Composite (-1.15%) and the S&P 500 (-0.58%) registered their fourth straight losing session, while the blue-chip Dow Jones Industrial Average (-0.12%) edged lower.
Executive Mosaic’s GovCon Index turned positive, edging 0.17% higher to $4,756.21. The blue-chip Dow Jones Industrial Average (+0.17%) snapped its six-day losing streak, while the S&P 500 (-0.21%) and Nasdaq Composite (-0.12%) finished with modest losses. With interest rates to remain high indefinitely, the ten-year Treasury yield rose to 4.665%.
Executive Mosaic’s GovCon Index slumped for the second consecutive session, dropping 0.69% to $4,743.93. Wall Street flashed red due to inflation and geopolitical risks. The blue-chip Dow Jones Industrial Average (-0.65%) marked its sixth-losing day, while the S&P 500 and Nasdaq Composite lost more than one percent.
Executive Mosaic’s GovCon Index ends sharply lower at $4,780.55 (-0.80%), erasing its modest gains Thursday. Heightened tension in the Middle East sent Wall Street crashing. The blue-chip Dow Jones Industrial Average (-1.24%) shed 475 points, and the S&P 500 sank 1.46%, while the Nasdaq Composite (-1.62%) fell from its record.
