Executive Mosaic’s GovCon Index closed at $140.85 or 0.31% higher to stay positive for the third consecutive session. The Feds’ decision to keep interest rates steady caused bond yields to retreat, triggering a broad stock rally. All three major indexes finished strong, although a year-end rate hike is still possible.
September 21, 2024
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GovCon News
November 2 Market Report: Executive Mosaic’s GovCon Index and Wall Street Sustain Momentum as Bond Yields Fall
Executive Mosaic’s GovCon Index had another strong finish, ending at $142.31 (+1.43%). Wall Street kept its upward momentum alive as the ten-year Treasury yield dropped to 4.6888%. The Dow Jones Industrial Average, the S&P 500 Index, and the Nasdaq Composite advanced by 1.7% or more.
November 3 Market Report: Executive Mosaic’s GovCon Index Advances Again as Wall Street Posts Best Week in 2023
Executive Mosaic’s GovCon Index average closed at $142.77 or 0.32% higher as Wall Street posted its best week in 2023 after a month-long sell-off. The Dow Jones Industrial Average rose 0.66%, the S&P 500 Index climbed 0.94%, and the Nasdaq Composite recorded its biggest one-week gain after advancing 1.38%.
November 6 Market Report: Executive Mosaic’s GovCon Index Slips, Major Indexes Post Modest Gains
Executive Mosaic’s GovCon Index lost steam from Friday’s rally and slipped 0.39% to $142.22. The major indexes edged higher with Nasdaq Composite (+0.30%) registering its longest winning streak since January 2023. Both the Dow Jones (+0.10%) and S&P 500 (+0.18%) notched six straight days of wins since mid-year and July.
November 7 Market Report: Executive Mosaic’s GovCon Index Dips Slightly, Big Three Indexes Post Longest Winning Streaks
Executive Mosaic’s GovCon Index dipped slightly, closing 0.10% lower at $142.08. However, Wall Street’s Big Three posted their longest winning streaks since 2021. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite rose 0.17%, 0.28% and 0.90%, respectively. Also, the ten-year Treasury yield marched down to 4.57%.
November 8 Market Report: Executive Mosaic’s GovCon Index and Dow Jones Lose Steam, S&P 500 and Nasdaq Extend Win Streak
Executive Mosaic’s GovCon Index lost steam and finished 0.63% lower at $141.19. Wall Street ended mixed on mid-week, with the Dow Jones Industrial losing 0.12% and the benchmark S&P 500 gaining 0.10%. The tech-heavy Nasdaq Composite (+0.08%) extended its winning streak to nine consecutive sessions.
November 9 Market Report: Executive Mosaic’s GovCon Index Edges Lower, Downslide Continues
Executive Mosaic’s GovCon Index shed 0.18% to end lower at $140.93 as the downslide since Monday continues. Wall Street flashed red, with the Dow Jones Industrial Average (-0.39%) falling for the second straight session. The S&P 500 (-0.43%) and the Nasdaq Composite (-0.40%) ended their winning streaks.
November 10 Market Report: Executive Mosaic’s GovCon Index, the Big Three End Higher on Widespread Rally
Executive Mosaic’s GovCon Index rose nearly 1% to $142.41 and end the week higher. The widespread rally on Wall Street lifted the Big Three and helped them post weekly gains. The Dow Jones gained 391.16 points (+1.15%), while the S&P 500 Index and Nasdaq Composite climbed 1.56% and 2.05%, respectively.
November 13 Market Report: Executive Mosaic’s GovCon Index and Dow Jones Gain as Moody’s Downgrades US Credit Outlook
Executive Mosaic’s GovCon Index edged 0.80% higher to $143.55 along with the Dow Jones Industrial Average (+0.21%) to start the week. However, the S&P 500 (-0.02%) and the Nasdaq Composite fell slightly due to Moody’s downgrading of U.S. credit from stable to negative.
November 14 Market Report: Executive Mosaic’s GovCon Index Joins Wall Street’s Rally on Lower Inflation Numbers
Executive Mosaic’s GovCon Index rose 1.14% to $144.92 after fresh data from the Bureau of Labor Statistics showed lower inflation reading. Wall Street welcomed the news. The S&P 500 Index surged 1.9% to post a two-month high. The Dow Jones Industrial Average gained 1.43%, while the Nasdaq Composite advanced 2.37%.
November 15 Market Report: Executive Mosaic’s GovCon Index Slips, Big Three Extend Rally
Executive Mosaic’s GovCon Index slips 0.47% to $144.31 amid the Big Three's extended rally. The benchmark S&P 500 and the tech-heavy Nasdaq Composite gained 0.16% and 0.07% following their powerful rallies the day before. Despite losing steam in the final hour, the blue-chip Dow Jones (+0.47%) closed with modest gains.
November 16 Market Report: Executive Mosaic’s GovCon Index and Wall Street Close With Mixed Results
Executive Mosaic’s GovCon Index slipped for the second straight day, closing slightly lower at 144.03. The S&P 500 Index (+0.12%) and Nasdaq Composite (+0.07%) sustained their momentum from Tuesday, but the Dow Jones Industrial Average (-0.13%) snapped its four-day winning streak. Cisco Systems and Walmart were the biggest decliners.
