Executive Mosaic’s GovCon Index registered a three-day losing streak after dipping 0.30% to $151.66. All three major indexes fared better, with the tech-heavy Nasdaq Composite gaining 1.37%. The Dow Jones Industrial Average (+0.17%) and S&P 500 Index (+0.18%) ticked higher to remain near their highest levels since March 2022. Alphabet (Nasdaq: GOOGL), Google’s parent company,...
Category: News
December 8 Market Report: Executive Mosaic’s GovCon Index and Wall Street Close the Week Higher
Executive Mosaic’s GovCon Index gained 0.23% to $152.01 to end the week in the green along with the Wall Street. The broader index, the S&P 500, rose 0.41% to settle at 4,604.37 points, its highest close for the year. Both the Dow Jones (+0.36%) and Nasdaq Composite (+0.45%) had six winning weeks, the indexes’ longest...
December 11 Market Report: Executive Mosaic’s GovCon Index Starts Strong, Wall Street Extends Weekly Winning Streaks
Executive Mosaic’s GovCon Index had a strong start for the week, rising 0.78% to $153.21. The major indexes achieved milestones, with the S&P 500 Index (+0.39%) and the Nasdaq Composite registering six straight weeks of gains. It was the third winning day for the Dow Jones Industrial Average (+0.43%) and its highest close since January...
December 13 Market Report: Executive Mosaic’s GovCon Index Surges, Wall Street Celebrates End of Rate Hikes
Executive Mosaic’s GovCon Index total surged 1.01% to $4,666.38 as Wall Street turned festive. Investors celebrated after the Feds held rates steady, signalling the end of rate hikes. The Dow Jones rose more than 500 points (+1.4%) to close at a record high, while the S&P 500 and Nasdaq Composite gained 1.37% and 1.38%, respectively....
December 14 Market Report: Executive Mosaic’s GovCon Index Slides, Major Indexes Post Modest Gains
Executive Mosaic’s GovCon Index Total slipped 1.27% to $4,607.81 as most of its constituents closed in the red. Wall Street’s major indexes almost faltered but managed to post modest gains. The Dow Jones Industrial Average (+0.43%) closed at another record high, while the S&P 500 (+0.26%) and Nasdaq Composite (+0.19%) edged higher. Investors were still...
December 15 Market Report: Executive Mosaic’s GovCon Index Edges Lower, Wall Street Still on Overdrive
Executive Mosaic’s GovCon Index Total ended the week weaker, edging 0.26% lower to $4595.81. Despite erratic trading activity, Wall Street remained on overdrive. The Dow Jones Industrial Average (+0.15%) recorded its third all-time high in a row, while the Nasdaq Composite (+0.35%) hit a record close. The S&P 500 (-0.01%) was relatively flat but marked...
December 18 Market Report: Executive Mosaic’s GovCon Index Returns to Positive Territory
Executive Mosaic’s GovCon Index is back in positive territory after rising 0.27% and lifting the total to $4,603.34. The Nasdaq Composite (+0.62%) extended its winning streak to eight days, while the S&P 500 (+0.45%) inched closer to its all-time closing high posted in January 2022. Only the Dow Jones Industrial Average (+0.00%) stayed flat to...
December 19 Market Report: Executive Mosaic’s GovCon Index Ticks Up, Major Indexes Near All-Time Highs
Executive Mosaic’s GovCon Index followed its strong start this week with a 0.45% gain to $4,629.17. The Dow Jones Industrial Average (+0.68%) registered its fifth straight record close, while the S&P 500 (+0.59%) is close to matching a record set two years ago. Nasdaq’s 0.66% gain was the most for the day. Wall Street’s hot...
December 20 Market Report: Executive Mosaic’s GovCon Index Sinks, Broad Market Selloff Stalls Wall Street’s Rally
Executive Mosaic’s GovCon Index declined 1.33%, bringing the total down to $4,568.54. Wall Street’s rally stalled mid-week as the Dow Jones (-1.27%) and the S&P 500 (-1.47%) posted their worst days since early October and September, respectively. Chip stocks, including market leader NVIDIA (Nasdaq: NVDA), pulled down the Nasdaq Composite (-1.50%). Despite the retreat, the...
December 21 Market Report: Executive Mosaic’s GovCon Index Turns Green, Wall Street Rally Resumes
Executive Mosaic’s GovCon Index turned green, with gainers lifting the total to $4,609.23 (+0.88%). All the major U.S. indexes atoned for their sharp drops on mid-week. The Dow Jones Industrial Average climbed more than 300 points, while the Nasdaq Composite ticked higher. The S&P 500 resumed its rally and is within 1% of its all-time...