Executive Mosaic’s GovCon Index outperformed to start the week, climbing 0.74% to $5,546.14. It was all green at Wall Street, with the Dow Jones Industrial Average (+0.47%) and S&P 500 (+0.77%) posting new record closing highs for the second straight session. The Nasdaq Composite (+0.87%) almost hit a fresh record. Strong corporate earnings so far...
Category: News
October 11 Market Report: Executive Mosaic’s GovCon Index Bounces Back, New Earnings Season Kicks Off
Executive Mosaic’s GovCon Index bounced back from Thursday’s steep loss, rising 1.42% to $5,505.35. Wall Street turned positive as the third-quarter earnings season gets underway. The Dow Jones Industrial Average (+0.97%) and S&P 500 (+0.61%) finished at all-time closing highs, while the Nasdaq Composite (+0.33%) settled higher. JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE:...
October 10 Market Report: Executive Mosaic’s GovCon Index Falls Sharply, Wall Street Tilts Lower
Executive Mosaic’s GovCon Index fell 1.06% to $5,426.99 following a selloff. The Dow Jones Industrial Average (-0.14%), S&P 500 (-0.21%) and Nasdaq Composite (-0.05%) ended lower on moderate losses. The latest consumer price index reading shows that inflation is slowing, but the fight isn’t over. Micron Technology (Nasdaq: MU) on the tech-heavy index advanced 3.92%,...
October 9 Market Report: Executive Mosaic’s GovCon Index Rises, Easing Recession Fears Lifts US Stocks
Executive Mosaic’s GovCon Index advanced for the second straight day, closing 0.45% higher at $5,484.66. Easing recession fears and a soft-landing scenario lifted the blue-chip Dow Jones Industrial Average (+1.03%) and broader S&P 500 (+0.71%) to new records. The tech-heavy Nasdaq Composite (+0.60%) extended its rally. Cruise operators were the top S&P 500 gainers, led...
October 8 Market Report: Executive Mosaic’s GovCon Index Reverses Course, Wall Street Rebounds
Executive Mosaic’s GovCon Index reversed course from Monday’s tumble, finishing at $5,459.73 (+0.44%). Wall Street rebounded as the Nasdaq Composite (+1.45%) and S&P 500 (+0.97%) staged a comeback. The blue-chip Dow Jones Industrial Average (+0.30%) added 126 points. The recovery of large-cap tech stocks from a steep downturn lifted the Nasdaq Composite. Besides its 4.05%...
October 7 Market Report: Executive Mosaic’s GovCon Index Slides, US Stocks Weaken as Bond Yields Rise
Executive Mosaic’s GovCon Index lost steam to start the week, sliding 0.61% to $5,436.01. Wall Street turned red as reduced rate cut expectations pushed bond yields higher. The Nasdaq Composite (-1.18%) fell sharply, while the Dow Jones Industrial Average and S&P 500 lost nearly one percent. Magnificent Seven stocks, except one, finished lower on Monday....
October 4 Market Report: Executive Mosaic’s GovCon Index Rises, Resilient Labor Market Lifts Wall Street
Executive Mosaic’s GovCon Index ended 49% higher at $5,469.34, marking another winning week. Wall Street flashed green, bannered by the tech-heavy Nasdaq Composite (+1.22%) and the broader S&P 500 Index (+0.90%). The Dow Jones Industrial Average Nasdaq Composite (+0.81%) closed at a fresh record high. NYSE regained momentum, with 73% of stocks advancing. On the...
September 13 Market Report: Executive Mosaic’s GovCon Index Posts Gain, Wall Street Extends Rally
Executive Mosaic’s GovCon Index finished strong before the weekend, rising 0.85% to $5,256.32. Wall Street sustained its rally due to speculations of a jumbo rate cut by the Feds. The Dow Jones Industrial Average (+0.72%) added almost 300 points, while the Nasdaq Composite (+0.65%) and S&P 500 (+0.54%) extended their winning streaks to five days....
September 12 Market Report: Executive Mosaic’s GovCon Index and Wall Street End Higher
Executive Mosaic’s GovCon Index snapped its two-day losing streak, rising 0.63% to $5,212.26. Wall Street sustained its momentum following the gains of the Nasdaq Composite (+1%) and benchmark S&P 500 Index (+0.75%). The blue-chip Dow Jones Industrial Average (+0.58%) added 235 points. About 77% of NYSE stocks and nearly 60% of Nasdaq constituents advanced Thursday....
September 6 Market Report: Executive Mosaic’s GovCon Index Falls, Wall Sinks Deeper
Executive Mosaic’s GovCon Index had a forgettable ending to the holiday-shortened week, falling 1.74% to $5,312.73. Wall Street’s major stock indexes flashed red due to a weakening job market. The Dow Jones Industrial Average (-1.01%), S&P 500 (-1.73%) and Nasdaq Composite (-2.55%) registered their worst starts to September in years, according to published reports. ...