Executive Mosaic’s GovCon Index registered a third straight daily loss, sliding 0.66% to $5,083.86. Wall Street’s major exchanges lost steam towards week’s end, with the Dow Jones Industrial Average (-0.93%) shedding almost 380 points. The S&P 500 (-0.71%) and Nasdaq Composite (-0.81%) declined as rotation from tech stocks intensified. AI king NVIDIA (Nasdaq: NVDA) dipped...
Executive Mosaic’s GovCon Index rose 1.12% to $5,111.02 for its second-best start to a week. Wall Street was all green following an IT outage Friday, a political development over the weekend, and the first rate cut in China on Monday. The Nasdaq Composite (+1.58%) and S&P 500 (+1.08%) posted significant gains, while the Dow Jones...
Executive Mosaic’s GovCon Index finished strong for the second straight day, rising 1.39% to $5,183.03, a new record close. Wall Street turned red on mild losses by the Dow Jones Industrial Average (-0.14%), S&P 500 (-0.16%), and the Nasdaq Composite (-0.06%). All three major indexes paused their record runs, although momentum remains as more than...
Executive Mosaic’s GovCon Index reversed course after two positive days, falling 1.52% to $5,105.57. Big-tech names, particularly the Magnificent Seven, sent the Nasdaq Composite (-3.64%) crashing on Wednesday. The S&P 500 (-2.31%) also went into a tailspin, while the Dow Jones Industrial Average (-1.25%) shed 504 points. Tesla (Nasdaq: TSLA) plunged 12.33% after the electric...
Executive Mosaic’s GovCon Index bucked the tech slump, gaining 1.51% to a new record close of $5,183.86. The Nasdaq Composite (-0.93%) and S&P 500 (-0.51%) extended their losses, while the Dow Jones Industrial Average (+0.20%) inched higher. AI stocks are trending down ahead of critical inflation data due Friday. The tech-heavy Nasdaq had momentum in...
Executive Mosaic’s GovCon Index declined slightly from its record high to close at $5,181.95 (-0.03%). Wall Street’s three major indexes rose sharply on strong tailwinds. The Dow Jones Industrial Average (+1.64%) added more than 650 points, while the S&P 500 (-1.11%) and Nasdaq Composite (-1.03%) ended their two-day slump. NYSE activity was brisk as...
Executive Mosaic’s GovCon Index turned positive, inching 0.16% higher to $5,190.38 and registering a new record close. Wall Street hardly moved from Friday’s strong rally, although the Dow Jones Industrial Average (-0.12%) ended slightly lower. The S&P 500 (+0.08%) and Nasdaq Composite (+0.07%) had modest gains. The earnings schedule was light, and no major economic...
Executive Mosaic’s GovCon Index surged Tuesday, rising 0.52% to its highest close of $5,217.71. Wall Street ended mixed due to the retreat of tech stocks. The Nasdaq Composite (-1.28%) and S&P 500 (-0.50%) plunged, while the Dow Jones Industrial Average (0.50%) gained 203 points. Big tech names are on tap to present their second-quarter results...
Executive Mosaic’s GovCon Index registered its most substantial monthly gain after advancing 1.33% to $5,288.22. The 6.94% month-on-month gain beat the +5.25% established on Feb. 29 this year. Parsons (NYSE: PSN), GCI’s top performer Wednesday, climbed 18.39% to $91.37 after reporting record results since IPO for Q2 2024. Investors’ mood on Wall Street was upbeat...
Executive Mosaic’s GovCon Index snapped its winning streak, sliding 0.45% to $5,264.46. Wall Street turned red after a strong finish mid-week due to fears of recession. The Nasdaq Composite (-2.30%) and S&P 500 (-1/37%) sunk, while the Dow Jones Industrial Average (-1.21%) shed nearly 495 points. Social media giant Meta Platforms’ (Nasdaq: META) better-than-expected Q2...
