Executive Mosaic’s GovCon Index retreats mid-week, closing 0.23% lower at $5,436.84. Escalating Middle East tensions continue to hound Wall Street, although the blue-chip Dow Jones Industrial Average (+0.09%), the tech-heavy Nasdaq Composite (+0.08%), and broader S&P 500 Index (+0.01%) ended positive on narrow gains.
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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.
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.
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 blue-chip Dow Jones Industrial Average (+0.33%) registered a new record high, while the tech-heavy Nasdaq Composite (-0.39%) and S&P 500 (-0.13%) slipped before the weekend. Twenty of 30 Dow Jones components ended positive Friday.
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 a new record high of 5,745.37. The Dow Jones Industrial Average (+0.62%) and Nasdaq Composite (+0.60%) also posted substantial gains.
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.
September 24 Market Report: Executive Mosaic’s GovCon Index Skids, Wall Street Keeps Gains
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.
September 23 Market Report: Executive Mosaic’s GovCon Index Outperforms, Wall Street Posts Modest Gains
Executive Mosaic’s GovCon Index outperformed to start the week, rising 1.31% to $5,364.20. The blue-chip Dow Jones Industrial Average (+0.15%) and tech-heavy Nasdaq Composite (+0.14%) inched higher, while the broader S&P 500 Index (+0.28%) registered a new closing high. Two Fed officials favor more rate cuts.
September 20 Market Report: Executive Mosaic’s GovCon Index Settles Higher, Wall Street Calm
Executive Mosaic’s GovCon Index ended positive, settling higher at $5,293.78 (+0.47%). It was a strong week for Wall Street due to the rate cut, although the Nasdaq Composite (-0.36%) and S&P 500 (-0.19%) closed lower. The Dow Jones Industrial Average (+0.09%) hit a new record high despite a tiny gain.
September 19 Market Report: Executive Mosaic’s GovCon Index Rises, US and Global Markets Rally
Executive Mosaic’s GovCon Index rose 0.92% to $5,268.96, snapping its two-day losing streak. Global markets and investors digested the US’s oversized rate cut, resulting in sharp rallies. The blue-chip Dow Jones Industrial Average (+1.26%) and S&P 500 (+1.70%) closed at new all-time highs, while the tech-heavy Nasdaq Composite surged 2.51%.