Executive Mosaic’s GovCon Index had another strong finish, ending at $142.31 or 1.43% higher than the previous day. Wall Street kept its upward momentum alive as the ten-year Treasury yield dropped to 4.6888%. The Dow Jones Industrial Average, the S&P 500 Index, and the Nasdaq Composite advanced by 1.7% or more. The 564.5 points gain...
Category: News
November 3 Market Report: Executive Mosaic’s GovCon Index Advances Again as Wall Street Posts Best Week in 2023
Executive Mosaic’s GovCon Index average closed at $142.77 or 0.32% higher as Wall Street posted its best week in 2023 following a month-long sell-off. The Dow Jones Industrial Average gained 222.4 points (+0.66%), while the S&P 500 Index rose 0.94%. For the tech-heavy Nasdaq Composite, the 1.38% advance resulted in the index’s biggest one-week gain...
November 6 Market Report: Executive Mosaic’s GovCon Index Slips, Major Indexes Post Modest Gains
Executive Mosaic’s GovCon Index slipped 0.39% to $142.22 after it lost steam from Friday’s rally, but the major indexes edged higher to start the week. The Nasdaq Composite’s narrow 0.30% gain was enough to register its longest winning streak since January 2023. Both the Dow Jones (+0.10%) and S&P 500 (+0.18%) notched six straight days...
November 7 Market Report: Executive Mosaic’s GovCon Index Dips Slightly, Big Three Indexes Post Longest Winning Streaks
Executive Mosaic’s GovCon Index dipped slightly, closing 0.10% lower at $142.08. Wall Street’s Big Three had modest gains but still posted their longest winning streaks since 2021. The Dow Jones Industrial Average advanced 0.17%, while the S&P 500 and Nasdaq Composite rose 0.28% and 0.90%, respectively. Also, the ten-year Treasury yield marched down to 4.57%....
November 9 Market Report: Executive Mosaic’s GovCon Index Edges Lower, Downslide Continues
Executive Mosaic’s GovCon Index shed a modest 0.18% to end lower at $140.93, but the downslide since Monday continues. Wall Street flashed red, too, with the Dow Jones Industrial Average (-0.39%) falling for the second straight session. The S&P 500 (-0.43%) ended its eight-day winning streak, while the Nasdaq Composite (-0.40%) lost steam to snap...
November 10 Market Report: Executive Mosaic’s GovCon Index, the Big Three End Higher on Widespread Rally
Executive Mosaic’s GovCon Index ended the week on a positive note, rising nearly 1% to finish at $142.41. Wall Street seems on track for a strong November as the widespread rally lifted the Big Three and helped them post weekly gains. The Dow Jones Industrial Average gained 391.16 points (+1.15%), while the S&P 500 and...
November 13 Market Report: Executive Mosaic’s GovCon Index and Dow Jones Gain as Moody’s Downgrades US Credit Outlook
Executive Mosaic’s GovCon Index edged 0.80% higher to $143.55 along with the Dow Jones Industrial Average (+0.21%) to start the week. However, the S&P 500 (-0.02%) and the Nasdaq Composite fell slightly due to Moody’s downgrading of U.S. credit from stable to negative. The ten-year and 30-year Treasury notes rose to 4.644% and 4.756% ahead...
November 14 Market Report: Executive Mosaic’s GovCon Index Joins Wall Street’s Rally on Lower Inflation Numbers
Executive Mosaic’s GovCon Index rose 1.14% to $144.92 after fresh data from the Bureau of Labor Statistics showed lower inflation reading. Wall Street welcomed the news, as evidenced by the surge of the Big Three indexes. It was one of the best days in 2023 for the benchmark S&P 500 Index, jumping 1.9% to post...
November 15 Market Report: Executive Mosaic’s GovCon Index Slips, Big Three Extend Rally
Executive Mosaic’s GovCon Index slips 0.47% to $144.31 on mid-week amid the extended rally of the Big Three indexes. The benchmark S&P 500 and the tech-heavy Nasdaq Composite gained 0.16% and 0.07% following their powerful rallies the day before. Despite losing steam in the final hour, the blue-chip Dow Jones (+0.47%) posted modest gains. The...
November 16 Market Report: Executive Mosaic’s GovCon Index and Wall Street Close With Mixed Results
Executive Mosaic’s GovCon Index slipped for the second straight day, closing slightly lower at 144.03. The S&P 500 Index (+0.12%) and Nasdaq Composite (+0.07%) sustained their momentum from Tuesday’s strong rally, but the Dow Jones Industrial Average (-0.13%) snapped its four-day winning streak. Cisco Systems (Nasdaq: CSCO) and Walmart (NYSE: WMT) were the biggest decliners...