Executive Mosaic’s GovCon Index extended its losing streak, sliding by 0.26% to $133.47, in contrast to the modest recovery of the three major U.S. indexes. The Nasdaq Composite, S&P 500 Index, and the Dow Jones Industrial Average rose 1.35%, 0.81%, and 0.39% as Treasury yields retreated on mid-week. On the labor front, hiring in the...
Category: News
October 5 Market Report: Executive Mosaic’s GovCon Index and Wall Street Tick Lower on the Eve of Key Jobs Report
Executive Mosaic’s GovCon Index is on the cusp of a losing week, declining 0.39% to close at $132.99. All three major indexes moved in a similar fashion as investors await the critical labor market data on Friday. Economists and market analysts believe the nonfarm payrolls report will determine the Federal Reserve’s next move on interest...
October 6 Market Report: Executive Mosaic’s GovCon Index and Wall Street Post Gains Despite Strong Job Growth
Executive Mosaic’s GovCon Index snapped its six-day losing streak and gained 1.17% to close at $134.57. There was panic at Wall Street initially when the stronger-than-expected jobs report came out, but traders were surprised about the turnaround that followed. The Dow Jones Industrial Average (+0.87%), S&P 500 Index (+1.18%) and Nasdaq Composite (+1.60%) ended the...
October 9 Market Report: Executive Mosaic’s GovCon Index Gains Nearly 5% Despite Middle East Conflict
Executive Mosaic’s GovCon Index advanced 4.75% to $141.28 amid a raging Middle East war. Many expected the latest geopolitical tension to rattle the major indexes. Instead, the Dow Jones Industrial Average (+0.59%), S&P 500 Index (+0.63%), and the Nasdaq Composite (+0.39%) posted modest gains to start the week. Tel Aviv-35, Israel’s plunged 6.5% on Sunday....
October 10 Market Report: Executive Mosaic’s GovCon Index and Wall Street Post Third Positive Day, Treasury Yields Fall
Executive Mosaic’s GovCon Index edged higher to $141.63 (+0.24%), extending its winning streak to three days. Wall Street got a boost from the 13 basis points drop of the benchmark ten-year Treasury yield to 4.65% and easing oil prices. The Dow Jones Industrial Average (+0.40%), Nasdaq Composite (+0.58%) and the S&P 500 (+0.52%) posted modest...
October 11 Market Report: Executive Mosaic’s GovCon Index and Wall Street Stay Positive, Defy Market Tremors
Executive Mosaic’s GovCon Index sustained momentum and rose 0.42%, ending in the green again at $141.94. Wall Street also ticked higher mid-week despite an escalating Mid-East conflict and inflation fears. The Nasdaq Composite (+0.71%) and S&P 500 (+0.43%) finished stronger than the blue-chip Dow Jones (+0.19%). Concerns about inflation returned after the Department of...
October 12 Market Report: Executive Mosaic’s GovCon Index and Wall Street Lose Steam as Bond Yields Pop, Inflation Still Elevated
Executive Mosaic’s GovCon Index slid 0.87% to $141.47 to snap its winning streak. All three major indexes lost steam as stocks succumbed to rising bond yields. After moving from green to red and vice-versa throughout the trading session, the Dow Jones Industrial Average (-0.51%), Nasdaq Composite (-0.63%) and the S&P 500 Index (-0.62%) fell in...
October 13 Market Report: Executive Mosaic’s GovCon Index Posts Mixed-Results, Earnings Season Kicks Off
Executive Mosaic’s GovCon Index (+0.54%) and the Dow Jones Industrial Average (+0.12%), closed higher on Friday. The S&P 500 Index declined 0.5%, while the tech-heavy Nasdaq Composite shed 166.98 points (-1.23%) to end the week in the red. Investors worry about corporate earnings and the backlash from the Mid-East war. In the oil market, the...
October 16 Market Report: Executive Mosaic’s GovCon Index Edge Higher, Solid Start of Earnings Season Boost Stocks
Executive Mosaic’s GovCon Index edge higher, gaining 0.53% to $142.99. The major U.S. indexes also started the week strong, buoyed by optimism on earnings season. Blue-chip Dow Jones rose 0.93% (+324.15 points), while the Nasdaq Composite and S&P 500 advanced 1.2% and 1.06%, respectively. All 11 primary sectors of the benchmark S&P 500 traded higher...
October 17 Market Report: Executive Mosaic’s GovCon Index Stays Positive, Rising Bond Yields Pressure Stocks
Executive Mosaic’s GovCon Index remains in the green for the third consecutive session, gaining a modest 0.31% to close at $143.44. The benchmark S&P 500 (-0.01%) was flat on Tuesday, while the Dow Jones Industrial Average (+0.04%) edged higher and the Nasdaq Composite slipped 0.25%. Market analysts observed that the bond market continues to pressure...