Executive Mosaic’s GovCon Index ended 0.69% higher at $5,538.65 following four straight daily gains. All the major U.S. stock indexes finished positive Friday and for the week. The Nasdaq Composite (+1.13%) and S&P 500 (+1.01%) turned green, while the Dow Jones Industrial Average (+0.55%) hit a new all-time high. Intel (Nasdaq: INTC) and Marvell Technology...
Category: News
August 29 Market Report: Executive Mosaic’s GovCon Index Extends Winning Streak, Hits New Record Close
Executive Mosaic’s GovCon Index rose 0.86% to $5,501.82, a new record close. On Wall Street, the blue-chip Dow Jones Industrial Average advanced 0.59% to a fresh record, while the benchmark S&P 500 was flat. The tech-heavy Nasdaq Composite (-0.23%) ticked lower due to the slump of a top constituent. NVIDIA (Nasdaq: NVDA) fell 6.38%, notwithstanding...
August 28 Market Report: Executive Mosaic’s GovCon Index Sustains Gain, Major US Indexes Settle Lower
Executive Mosaic’s GovCon Index closed higher at $5,454.70 (+0.42%) for a second straight daily gain. Wall Street retreated on tech sector weakness. The Nasdaq Composite (-1.12%) sunk to a two-week low, while the Dow Jones Industrial Average (-0.39%) and S&P 500 (-0.60%) settled lower. AI king NVIDIA (Nasdaq: NVDA) declined 2.1% for the day and...
August 27 Market Report: Executive Mosaic’s GovCon Index Ends Higher, Wall Street Up on Fractional Gains
Executive Mosaic’s GovCon Index climbed from Monday’s negative position, rising 0.46% to $5,431.55. Wall Street’s Big Three ended positive on fractional gains after the U.S. consumer confidence index rose to its highest level this month. The Dow Jones Industrial Average closed at a record high for the second straight session. Investors are on pause until...
August 26 Market Report: Executive Mosaic’s GovCon Posts Tiny Loss, Wall Street Takes a Pause
Executive Mosaic’s GovCon Index closed lower at $5,406.52 (-0.05%) following a meager loss to start the week. Wall Street paused from Friday’s rate cut rally, although the Dow Jones Industrial Average (+0.17%) inched higher and scored a new record close. The Nasdaq Composite (-0.85%) and the S&P 500 (-0.32%) ended in red territory. AI heavyweight...
August 23 Market Report: Executive Mosaic’s GovCon Ends Higher, Wall Street Rejoices on Imminent Rate Cut
Executive Mosaic’s GovCon Index ends higher at $5,409.28 (+0.71%) for another winning week. Wall Street rejoiced before the weekend after the Feds intimated a rate cut in September. The Dow Jones Industrial Average (+1.14%) and S&P 500 (+1.15%) closed near record levels, while the Nasdaq Composite (+1.47%) also advanced more than one percent. Chipmakers rallied...
August 22 Market Report: Executive Mosaic’s GovCon Dips Slightly, Wall Street Takes a Breather
Executive Mosaic’s GovCon Index was nearly flat, but inched lower at $5,370.98 following a 0.04% slide. Wall Street gave up gains from mid-week, led by the Nasdaq Composite (-1.67%) and S&P 500 (-0.89%). The Dow Jones Industrial Average (-0.43%) also turned red after shedding 177.71 points. Nearly all large-cap tech stocks declined Thursday, including AI...
August 21 Market Report: Executive Mosaic’s GovCon Index Settles Higher, Wall Street Returns to Positive Territory
Executive Mosaic’s GovCon Index settled higher at $5,372.88 (+0.47%) after Tuesday’s retreat. Wall Street’s major stock indexes turned positive, too, on rising odds of a September rate cut. The Nasdaq Composite (+0.57%) and S&P 500 (+0.42%) hit one-month and four-week highs, respectively, while the Dow Jones Industrial Average (+0.14%) rose modestly. Target (NYSE: TGT)...
August 20 Market Report: Executive Mosaic’s GovCon Index Ends Bull Run, Wall Street Retreats
Executive Mosaic’s GovCon Index ended its mild bull run of 10 days, closing 0.25% lower at $5,347.60. Wall Street’s major indexes also snapped their winning streaks. The Nasdaq Composite fell 0.33%, while the Dow Jones Industrial (-0.15%) and S&P 500 (-0.15%) finished in the red on modest losses. Palo Alto Networks (Nasdaq: PANW) rose 7.18%...
August 19 Market Report: Executive Mosaic’s GovCon Index Extends Winning Run to 10 Sessions, Posts Highest Close
Executive Mosaic’s GovCon Index ends 0.35% higher at $5,361.04 for its highest close following 10 straight positive finishes. Wall Street was all green on broad-based gains. The Dow Jones Industrial Average (+0.58%) and S&P 500 (+0.97%) kept their winning streaks going, and so did the Nasdaq Composite (+1.39%) besides climbing out of correction territory. All 11...