Executive Mosaic’s GovCon Index slipped 0.17% to $4,788.02 but still gained nearly 1% amid a turbulent the week. However, Wall Street’s major indexes broke their five-week winning streaks. The Dow Jones Industrial Average (-0.37%) and the benchmark S&P 500 Index (-0.48%) ticked lower, while the tech-heavy Nasdaq Composite fell -0.82% The increase in wholesale inflation...
Category: News
February 20 Market Report: Executive Mosaic’s GovCon Index and Wall Street Open Shortened Week with Losses
Executive Mosaic’s GovCon Index closed 0.40% lower to $4,678.90 at the start of the holiday-shortened week. Wall Street flashed red due to the pullback of tech stocks. The Nasdaq Composite declined nearly 1%, while the Dow Jones Industrial (-0.17%) and S&P 500 (-0.60%) finished in the red too. AI stocks, led by NVIDIA (Nasdaq: NVDA)...
February 21 Market Report: Executive Mosaic’s GovCon Index Rose Slightly Higher, Tech Stocks Retreat
Executive Mosaic’s GovCon Index rose 0.38% to $4,787.32 and closed slightly higher like the Dow Jones Industrial Average (+0.13%) and the S&P 500 (+0.13%). Only the Nasdaq Composite (-0.32%) finished in the red as tech shares retreat. NVIDIA (Nasdaq: NVDA) fell 2.82% at the close but gained 9.07% after the bell. In Q4 and fiscal...
February 22 Market Report: Executive Mosaic’s GovCon Index Sustains Momentum, Positive Storm Hits Wall Street
Executive Mosaic’s GovCon Index climbed 0.49% to $4,810.85 as a positive storm hit Wall Street. The Nasdaq Composite registered a two-year high after rising 460.75 points (+2.96%) to 16,041.62, while the S&P 500 (+2.11%) closed at a fresh record. The Dow Jones Industrial Average (+1.11%) ended above 39,000 points for the first time. NVIDIA (Nasdaq:...
February 23 Market Report: Executive Mosaic’s GovCon Index Ends Holiday-Shortened Week in Positive Territory
Executive Mosaic’s GovCon Index rose 0.64% to $4,839.92, ending the holiday-shortened week in positive territory. The Dow Jones Industrial Average (-0.16%) and S&P 500 (+0.03%) hardly moved, although the tech-heavy Nasdaq Composite (-0.28%) edged lower. Still, despite the roller coaster ride, it was a winning week for Wall Street’s major indexes. The benchmark S&P 500...
February 26 Market Report: Executive Mosaic’s GovCon Index Slips, Wall Street Loses Steam
Executive Mosaic’s GovCon Index turned red on Monday, slipping 0.22% to $4,160.98. Wall Street’s major indexes also lost steam, with the Dow Jones Industrial Average (-0.16%) and Nasdaq Composite (-0.14%) edging lower. The S&P 500 (-0.38%) retreated but remained within record level. Amazon.com (Nasdaq: AMZN) declined 0.15% on its first day as a Dow Jones...
February 27 Market Report: Executive Mosaic’s GovCon Index Turns Positive, Major Indexes Stay Near Record Levels
Executive Mosaic’s GovCon Index is back in positive territory after rising 0.23% to $4,840.68. The Dow Jones Industrial Average (-0.25%) declined, while the S&P 500 (+0.17%) and Nasdaq Composite (+0.23%) posted modest gains. Still, Wall Street’s major indexes closed near record levels. Norwegian Cruise Line (NYSE: NCLH) outperformed on the S&P 500 with a 19.84%...
February 28 Market Report: Executive Mosaic’s GovCon Index Posts Modest Gain, Major US Indexes Slide
Executive Mosaic’s GovCon Index closed slightly higher at $4,848.68 (+0.16%) compared to the moderate losses of Wall Street’s main indexes. The Dow Jones Industrial Average (-0.06%) declined for the third straight session, while the Nasdaq Composite (-0.55%) and S&P 500 (-0,17%) closed in the red. Beyond Meat (Nasdaq: BYND) soared 30.72% following its better-than-expected sales...
February 29 Market Report: Executive Mosaic’s GovCon Index Extends Win Streak, New Record Highs at Wall Street
Executive Mosaic’s GovCon Index rose slightly to $4,848.68 (+0.06%) but marked a strong month. With the latest inflation data showing progress, the Nasdaq Composite (+0.90%) and S&P 500 (+0.52%) recorded new record highs. The Dow Jones Industrial Average (+0.12%) had a modest gain. Semiconductor stocks Advanced Micro Devices (Nasdaq: AMD) and Intel (Nasdaq: INTC)...
March 1 Market Report: Executive Mosaic’s GovCon Index Retreats, Major US Indexes Advance
Executive Mosaic’s GovCon Index edged 0.15% lower to $4,844.11 to start March. However, the major U.S. indexes advanced, with the tech-heavy Nasdaq Composite (+1.14%) registering a new record high of 16,274.94. The S&P (+0.80%) closed above 5,100 for the first time, while the Dow Jones (+0.23%) added 90.99 points. Most market analysts credit the emphasis...