Executive Mosaic’s GovCon Index gave up Monday’s substantial gains, dropping 0.56% to $5,334.31. Wall Street’s major U.S. stock indexes recorded back-to-back daily gains, led by the Nasdaq Composite with +1.56%. The Dow Jones Industrial Average (+0.20%) and S&P 500 (+0.25%) finished higher. The broad stimulus measures announced by the People’s Bank of China on Tuesday improved...
Category: News
September 25 Market Report: Executive Mosaic’s GovCon Index Retreats, Wall Street Rally Ends Steam
Executive Mosaic’s GovCon Index extended its losses, declining 0.29% to $5,319.05. The Dow Jones Industrial Average (-0.70%) shed more than 290 points, while the S&P 500 (-0.19%) fell from its record high. A mild tech rally kept the Nasdaq Composite (+0.04%) afloat. The utility sector was the top gainer on the S&P 500. Vistra (NYSE:...
September 26 Market Report: Executive Mosaic’s GovCon Index Turns Positive, Broad Market Hits New Record
Executive Mosaic’s GovCon Index recovered from two-day losses, ending higher at $5,343.72 (+0.46%). On Wall Street, the broader S&P 500 Index (+0.40%) closed at 5,745.37, a new record high. The Dow Jones Industrial Average (+0.62%) and Nasdaq Composite (+0.60%) posted substantial gains. Memory firm Micron Technology (Nasdaq: MU) and cosmetics company Estee Lauder (NYSE: EL)...
September 27 Market Report: Executive Mosaic’s GovCon Index Sustains Gains, Wall Street Ends Mixed
Executive Mosaic’s GovCon Index advanced for the second straight day, finishing 0.43% higher at $5,366.84. The Dow Jones Industrial Average (+0.33%) registered a new record high, while the Nasdaq Composite (-0.39%) and S&P 500 (-0.13%) slipped before the weekend. Twenty of 30 Dow Jones components ended positive Friday. On the GovCon Index, AeroVironment (Nasdaq: AVAV)...
September 30 Market Report: Executive Mosaic’s GovCon Index and Wall Street End Positive
Executive Mosaic’s GovCon Index started the week on a positive note, advancing 0.54% to $5,369.95. Wall Street’s major stock indexes were all green, with the S&P 500 (+0.42%) and the Dow Jones Industrial Average (+0.04%) closing September with fresh records. The tech-heavy Nasdaq Composite (+0.38%) edged higher. Energy and communications services were the top performers...
October 1 Market Report: Executive Mosaic’s GovCon Index Rises to Start Q4 2024, Defense Stocks Outperform
Executive Mosaic’s GovCon Index finished 1.45% higher at $5,449.09, a strong start to Q4 2024. On the other hand, Wall Street’s major indexes were all red. The Nasdaq Composite and S&P 500 sunk 1.53% and 0.93% on Tuesday, while the Dow Jones Industrial Average (-0.41%) fell from its record high. About 38% of Nasdaq components...
October 2 Market Report: Executive Mosaic’s GovCon Index Retreats, Major Indexes Up on Narrow Gains
Executive Mosaic’s GovCon Index retreated mid-week, closing 0.23% lower at $5,436.84. Escalating Middle East tensions continue to hound Wall Street, although all three major indexes ended positive on narrow gains. Despite heightened geopolitical risks, 19 S&P 500 stocks traded at new 52-week highs. However, Humana (NYSE: HUM) in the healthcare sector plunged 11.79% following a...
October 3 Market Report: Executive Mosaic’s GovCon Index Turns Positive, Wall Street Goes Red
Executive Mosaic’s GovCon Index turned positive, ending slightly higher at $5,442.94 (+0.11%). Wall Street fell into red territory, with the Dow Jones Industrial Average (-0.44%) shedding almost 185 points. The broader S&P 500 Index (-0.17%) slipped, while the Nasdaq Composite (-0.04%) tilted lower. Equity markets continue to lose steam because of geopolitical uncertainty. However, NVIDIA...
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...
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....