Executive Mosaic’s GovCon Index reversed course after two positive days, falling 1.52% to $5,105.57. Big-tech names, particularly the Magnificent 7, sent the Nasdaq Composite (-3.64%) crashing on Wednesday. The benchmark S&P 500 Index (-2.31%) also went into a tailspin, while the blue-chip Dow Jones Industrial Average (-1.25%) shed 504 points.
October 18, 2024
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Category: Uncategorized
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July 23 Market Report: Executive Mosaic’s GovCon Records Highest Close, Wall Street Ends Lower
Executive Mosaic’s GovCon Index finished strong for the second straight day, rising 1.39% to $5,183.03, a new record close. Wall Street turned red on mild losses. The Dow Jones Industrial Average (-0.14%), S&P 500 (-0.16%) and the Nasdaq Composite (-0.06%) pause their record runs, although momentum remains.
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July 22 Market Report: Executive Mosaic’s GovCon Rises, Wall Street Regains Momentum
Executive Mosaic’s GovCon Index rose 1.12% to $5,111.02 for its second-best start to a week. Wall Street was all green as the Nasdaq Composite (+1.58%) and S&P 500 (+1.08%) posted significant gains. The Dow Jones Industrial Average (+0.32%) ticked higher.
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July 19 Market Report: Executive Mosaic’s GovCon Index Extends Slump, Wall Street’s Momentum Fades
Executive Mosaic’s GovCon Index registered a third straight daily loss, sliding 0.66% to $5,083.86. Wall Street’s major exchanges lost steam towards week’s end, with the blue-chip Dow Jones Industrial Average (-0.93%) shedding almost 380 points. The S&P 500 (-0.71%) and Nasdaq Composite (-0.81%) declined as rotation from tech stocks intensified.
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July 18 Market Report: Executive Mosaic’s GovCon Index Dips Slightly, Broad Market Selloff Hits Wall Street
Executive Mosaic’s GovCon Index posted a modest loss for the second straight day, closing at $5,087.07 (-0.17%). Wall Street flashed red due to a broader market selloff. The Dow Jones Industrial Average shed 533 points (-1.29%), while the S&P 500 (-0.78%) and Nasdaq Composite (-0.70%) dropped sharply.
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July 17 Market Report: Executive Mosaic’s GovCon Index Ticks Lower, Nasdaq Sinks on Tech Selloff
Executive Mosaic’s GovCon Index ended its five-day winning streak, sliding 0.19% to $5,095.82. The Nasdaq Composite (-2.77%) had its worst day, while the S&P 500 (-1.39%) dropped sharply. Only the Dow Jones Industrial Average (+0.59%) survived the tech selloff and posted a third straight record close.
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July 16 Market Report: Executive Mosaic’s GovCon Index Posts Best Day and Highest Close, Dow Jones Races to New Record
Executive Mosaic’s GovCon Index had its best day Tuesday, advancing 2% to $5,105.25. The index, which tracks the stock performances of 30 major government contractors, also marked its highest close since its introduction in December 2023. Wall Street saw the Dow Jones Industrial Average and S&P 500 set new records.
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July 12 Market Report: Executive Mosaic’s GovCon Index Sustains Momentum, Dow Jones at Record Level
Executive Mosaic’s GovCon Index stretched its winning streak to three trading sessions, rising 0.58% to $4,982.68. Wall Street’s three major stock indexes had nearly identical gains Friday. The Dow Jones Industrial Average (+0.62%) hit a new all-time high in intraday trading, then settled at 40,000.90 points.
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July 15 Market Report: Executive Mosaic’s GovCon Index Posts 4th Straight Daily Gain, Wall Street Steady
Executive Mosaic’s GovCon Index rose 0.41% to $5,003.20 for its fourth straight daily gain since mid-week last week. Wall Street was steady to start the week following an assassination attempt on a former POTUS during a rally Saturday. The blue-chip Dow Jones Industrial Average finished at a new all-time high.
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July 11 Market Report: Executive Mosaic’s GovCon Index Extends Gain, Mega-Cap Tech Stocks Slumps
Executive Mosaic’s GovCon Index closed positive for the second straight day, rising 0.96% to $4,954.32. Wall Street sustained momentum from mid-week but eventually retreated due to a tech selloff. Only the Dow Jones Industrial Average (+0.08%) stayed green. The Nasdaq Composite (-1.95%) and S&P 500 (-0.88%) fell from record highs.
