Executive Mosaic’s GovCon Index atoned for its loss on Thursday and edged modestly higher to $144.06 (+0.02%). Trading was relatively quiet, although Wall Street registered another winning (third) week. The S&P 500 Index (+0.13%), Nasdaq Composite (+0.08%), and the Dow Jones Industrial Average (+0.01%) had small gains.
GovCon News
November 20 Market Report: Executive Mosaic’s GovCon Index and Wall Street Advance, Declining Treasury Yields Boost Stocks
Executive Mosaic’s GovCon Index rose to the occasion, finishing 0.71% higher at $145.09. Wall Street reached its highest level since August, while the S&P 500 Index (+0.74%) and Nasdaq Composite (+1.13%) extended their winning streak to five days. The Dow Jones Industrial Average gained over 200 points (+0.58%).
November 21 Market Report: Executive Mosaic’s GovCon Index Gives Up Gains, Winning Streak Ends
Executive Mosaic’s GovCon Index gave up gains from the last three sessions, sliding 0.09% to $144.95. The S&P 500 Index and the Nasdaq Composite snapped their five-day winning streaks, while the blue-chip Dow Jones Industrial Average shed more than 60 points (-0.18%) to close in the red.
November 24 Market Report: Executive Mosaic’s GovCon Index Gains, Tech Stocks Fall in Shortened Trading Session
Executive Mosaic’s GovCon Index rose 0.40% to $145.90 on the resumption of trading after Thanksgiving Day. The Dow Jones Industrial Average and the S&P 500 posted gains, while the tech sector pulled down the Nasdaq Composite (-11%). Nearly 63% of the constituents of the tech-heavy index advanced before the holiday.
November 27 Market Report: Executive Mosaic’s GovCon Index, US Stocks Retreat on Cyber Monday
Executive Mosaic’s GovCon Index edged lower to $145.29 at the start of the week. Wall Street’s Big Three also cooled off after four winning weeks. The Dow Jones Industrial Average (-0.16%), the S&P 500 Index (-0.20%), and the Nasdaq Composite (-0.07%) registered modest losses.
November 28 Market Report: Executive Mosaic’s GovCon Index Stays Red, Big Three Inch Higher
Executive Mosaic’s GovCon Index slipped 0.24% to $144.94 and stayed in red territory, while the top indexes inched higher. The Nasdaq Composite (+0.29%) gained the most, followed by the Dow Jones Industrial (+0.24%) and the S&P 500 (+0.10%). US stocks got a boost from a key Federal Reserve official.
November 29 Market Report: Executive Mosaic’s GovCon Index Drifts Lower, Mixed Results for Wall Street
Executive Mosaic’s GovCon Index drifted lower again to $144.52, extending its losing streak in post-Thanksgiving to four days. Wall Street’s Big Three had mixed results on mid-week. Only the blue-chip Dow Jones (+0.04%) gained, while the S&P 500 (-0.09%) and Nasdaq Composite (-0.16%) ended in the red.
November 30 Market Report: Executive Mosaic’s GovCon Index Ends Higher, Best Month for Wall Street
Executive Mosaic’s GovCon Index popped 1.1% to close higher at $146.13. The Dow Jones advanced 1.47% to post a new high for 2023, while the S&P 500 rose 0.38%. Both indexes had 8.9% month-to-month gains. The Nasdaq Composite (-0.23%) fell, but still had the best monthly performance.
December 1 Market Report: Executive Mosaic’s GovCon Index Rises, Dow Jones and S&P 500 Post New Highs
Executive Mosaic’s GovCon Index climbed 1.37% to $148.15 while the Big Three U.S. indexes outperformed to start December. The broad market index S&P 500 and the blue-chip Dow Jones Industrial Average rose 0.59% and 0.82%, respectively, to close at new highs. The tech-heavy Nasdaq Composite wasn’t far behind, advancing 0.55%.
December 4 Market Report: Executive Mosaic’s GovCon Index Sustains Momentum, Big Three Indexes Slips
Executive Mosaic's GovCon Index sustained its momentum, rising 1.37% to $149.83. Wall Street's Big Three lost steam and gave up gains from the previous session while the ten-year Treasury yield rose to 4.259%.
December 5 Market Report: Executive Mosaic’s GovCon Index Snaps Winning Streak, Dow Jones and S&P 500 Cool
Executive Mosaic's GovCon Index dipped 1.01% to $152.51, ending its four-day winning streak. The Dow Jones Industrial Average (-0.22%) and the S&P 500 lost steam too not the Nasdaq Composite (+0.31%). Despite the lackluster Tuesday, the major indexes remain up for the quarter and the year.
December 6 Market Report: Executive Mosaic’s GovCon Index Slides, Wall Street Turns Red
Executive Mosaic's GovCon Index drooped lower for the second straight day (-0.26%), closing at $152.12. Wall Street turned red, with all three major indexes retreating. Energy stocks retreated mid-week and pulled down the Dow Jones (-0.19%) and S&P 500 (-0.39%). The Nasdaq Composite gave up 83.2 points or 0.58%.