Executive Mosaic’s GovCon Index slipped into red territory, losing 0.89% to close at an average of $142.17. Major indexes, from the Dow Jones Industrial Average (-0.98%) to the S&P 500 (-1.34%), and the Nasdaq Composite (-1.62%), registered losses. The rise in long-term bond yields triggered the market selloff. The benchmark ten-year U.S. Treasury yield rose...
Executive Mosaic’s GovCon Index finished lower for the second consecutive session, declining 0.79% to $141.06. US stocks fell as the ten-year Treasury seems on track to hit 5% soon. The Dow Jones Industrial Average shed 0.81%, while the S&P 500 (-0.85%) and Nasdaq Composite (-0.96%) also felt the pressure from the bond market. While rising...
Executive Mosaic’s GovCon Index slipped 1.15% to $139.45, extending its slump and posting a weekly loss of 1.96%. The Dow Jones Industrial Average shed 0.86%, while the S&P 500 and Nasdaq Composite fell 1.26% and 1.53%, respectively. Market analysts concede that a strong bond market rattles and weakens stocks. The 10-year Treasury yield crossed 5%...
Executive Mosaic’s GovCon Index slid 0.69% to $138.50, extending its slump to four consecutive sessions. The big three indexes started strong as bond yields eased, but the Dow Jones Industrial Average (-0.58%) and the S&P 500 (-0.17%) lost steam towards the end of trading. Only the Nasdaq Composite snapped the losing streak, advancing 0.27% due...
Executive Mosaic’s GovCon Index broke its losing streak as stocks made a resounding comeback. Wall Street flashed green as the batch of quarterly reports showed better profits and surpassed revenue expectations. The benchmark S&P 500 Index rose 0.73%, the Dow Jones Industrial Average gained 0.62%, and the Nasdaq Composite closed 0.93% higher. Verizon Communications (NYSE:...
Executive Mosaic’s GovCon Index stayed in positive and gained 0.13% to $138.21. However, the major indexes tumbled due to mixed earnings reports and pressure from rising bond yields. The Nasdaq Composite (-2.43%) had its worst day since February, while the S&P 500 (-1.43%) fell below the 4,200 level. Blue-chip Dow Jones did better but still...
Executive Mosaic’s GovCon Index advanced 0.17% to $138.45 in stark contrast to the negative market sentiment. Big tech companies suffered sharp price declines, causing the Nasdaq Composite to lose 255.62 points (-1.76%) and enter correction territory. The S&P 500 Index (-1.18%) fell to its lowest level, while the Dow Jones Industrial Average also registered a...
Executive Mosaic’s GovCon Index joined Wall Street’s rally to start the week, closing slightly higher at $137.48 (+0.58%). The blue-chip Dow Jones Industrial Average gained 511.37 points (+1.58%) to register its best daily performance since June 2, 2023, while the benchmark S&P 500 Index rose 1.2% to step out of correction territory. Mega-cap tech stocks...
Executive Mosaic’s GovCon Index advanced 1.69% to $139.85 and posted a monthly gain of 3.4%. However, it was a losing month overall for Wall Street. The Dow Jones Industrial Average (+0.38%) and S&P 500 (+0.65%) edged higher but still suffered their first three-month losing streak. The Nasdaq Composite gained 0.48%, although the tech-heavy index declined...
Executive Mosaic’s GovCon Index closed at $140.85 or 0.31% higher to start November and stayed positive for the third consecutive session. The Feds’ decision to keep interest rates steady caused bond yields to pull back, triggering a broad stock rally. All three major indexes finished strong, although a year-end rate hike is still possible. The...
