Executive Mosaic’s GovCon Index shed 0.17% to close lower at $135.42, but the pullback in oil prices and Treasury yield boosted the major U.S. indexes. The tech-heavy Nasdaq Composite (+0.83%) gained the most from the reduced selling pressure, while the S&P 500 (+0.59%) and the Dow Jones (+0.35%) ticked higher.
September 21, 2024
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GovCon News
September 29 Market Report: Executive Mosaic’s GovCon Index and Wall Street Retreat to End a Typically Worst Month for Stocks
Executive Mosaic’s GovCon Index gained 0.1% to close at $135.54 on the last trading day of the month and quarter. All three major indexes had a good start but lost steam eventually. The Nasdaq Composite rose 0.14%, but the Dow Jones and S&P 500 fell 0.47% and 0.27%.
October 2 Market Report: Executive Mosaic’s GovCon Index Ends Lower to Start Fourth Quarter 2023, Last Minute Deal Averts Shutdown
Executive Mosaic’s GovCon Index had a weak start to October, slipping 0.28% to $134.87. On Wall Street, the Nasdaq Composite and S&P 500 Index gained, while the Dow Jones Industrial Average declined. A last minute funding bill by the House and Senate averted a government shutdown.
October 3 Market Report: Executive Mosaic’s GovCon Index and Wall Street Tumble, Bond Sell-Off Continues
Executive Mosaic’s GovCon Index remained in the red for the fourth consecutive session, declining 0.79% to $133.81. Wall Street tumbled, led by the nearly 431-point drop (-1.29%) by the blue-chip Dow Jones Industrial Average. The bond sell-off continues, with the 30-year Treasury yield touching a high 4.95%.
October 4 Market Report: Executive Mosaic’s GovCon Index Dips, Major U.S. Indexes Snap Losing Streak
Executive Mosaic’s GovCon Index extended its losing streak, sliding by 0.26% to $133.47, in contrast to the modest recovery of the three major U.S. indexes. The Nasdaq Composite, S&P 500 Index, and the Dow Jones Industrial Average rose 1.35%, 0.81%, and 0.39% as Treasury yields retreated on mid-week.
October 5 Market Report: Executive Mosaic’s GovCon Index and Wall Street Tick Lower on the Eve of Key Jobs Report
Executive Mosaic’s GovCon Index ticked lower, declining 0.39% to close at $132.99. All three major indexes moved lower too as investors await the critical labor market data on Friday. Economists and market analysts believe the nonfarm payrolls report will determine the Federal Reserve’s next move on interest rates.
October 6 Market Report: Executive Mosaic’s GovCon Index and Wall Street Post Gains Despite Strong Job Growth
Executive Mosaic’s GovCon Index gained 1.17% to snap its six-day losing streak. There was panic at Wall Street initially when the stronger-than-expected jobs report came out, but a turnaround followed. The Dow Jones Industrial Average (+0.87%), S&P 500 Index (+1.18%) and Nasdaq Composite (+1.60%) ended the week in the green.
October 9 Market Report: Executive Mosaic’s GovCon Index Gains Nearly 5% Despite Middle East Conflict
Executive Mosaic’s GovCon Index advanced 4.75% to $141.28 amid a raging Middle East war. Many expected the latest geopolitical tension to rattle the major indexes. Instead, the Dow Jones Industrial Average (+0.59%), S&P 500 Index (+0.63%), and the Nasdaq Composite (+0.39%) posted modest gains to start the week.
October 10 Market Report: Executive Mosaic’s GovCon Index and Wall Street Post Third Positive Day, Treasury Yields Fall
Executive Mosaic’s GovCon Index edged higher to $141.63 (+0.24%), extending its winning streak to three days. Wall Street got a boost from declining Treasury yields and easing oil prices. The Dow Jones Industrial Average (+0.40%), Nasdaq Composite (+0.58%) and the S&P 500 (+0.52%) remained in positive territory, posting modest gains.
October 11 Market Report: Executive Mosaic’s GovCon Index and Wall Street Stay Positive, Defy Market Tremors
Executive Mosaic’s GovCon Index sustained momentum and rose 0.42%, ending in the green again at $141.94. Wall Street also ticked higher mid-week despite an escalating Mid-East conflict and inflation fears. The Nasdaq Composite (+0.71%) and S&P 500 (+0.43%) finished stronger than the blue-chip Dow Jones (+0.19%).
October 12 Market Report: Executive Mosaic’s GovCon Index and Wall Street Lose Steam as Bond Yields Pop, Inflation Still Elevated
Executive Mosaic’s GovCon Index slid 0.87% to $141.47 to snap its winning streak. The major indexes lost steam as stocks succumbed to rising bond yields. After moving from green to red, and vice-versa, the Dow Jones (-0.51%), the Nasdaq Composite (-0.63%) and the S&P 500 Index (-0.62%) fell in unison.
October 13 Market Report: Executive Mosaic’s GovCon Index Posts Mixed-Results, Earnings Season Kicks Off
Executive Mosaic’s GovCon Index (+0.54%) and the Dow Jones Industrial Average (+0.12%), closed higher on Friday. The S&P 500 Index declined 0.5%, while the Nasdaq Composite shed 166.98 points (-1.23%) to end the week in the red. Investors are worried about corporate earnings and the backlash from the Mid-East war.
