Executive Mosaic’s GovCon Index registered a three-day losing streak after dipping 0.30% to $151.66. All three major indexes fared better, with the tech-heavy Nasdaq Composite gaining 1.37%. The Dow Jones Industrial Average (+0.17%) and S&P 500 Index (+0.18%) ticked higher to remain near their highest levels since March 2022.
September 20, 2024
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GovCon News
December 8 Market Report: Executive Mosaic’s GovCon Index and Wall Street Close the Week Higher
Executive Mosaic’s GovCon Index gained 0.23% to $152.01 to end the week higher. The broader S&P 500 Index rose 0.41% to settle at 4,604.37 points, its highest close for the year. Both the Dow Jones (+0.36%) and Nasdaq Composite (+0.45%) had six winning weeks, the indexes’ longest run since 2019.
December 11 Market Report: Executive Mosaic’s GovCon Index Starts Strong, Wall Street Extends Weekly Winning Streaks
Executive Mosaic’s GovCon Index had a strong start for the week, rising 0.78% to $153.21. The S&P 500 Index (+0.39%) and the Nasdaq Composite registering six straight weeks of gains. For the Dow Jones Industrial Average (+0.43%), it was the third winning day and highest close since January 2022.
December 12 Market Report: Executive Mosaic’s GovCon Index and U.S. Stocks Swing Higher, Feds Hold Last Meeting in 2023
Executive Mosaic’s GovCon Index Total rose 0.5% to $4,619.20 and swung higher along with most U.S. stocks. The Dow Jones (+0.48%) and S&P 500 Index (+0.46%) hit their highest intraday levels since January 2022, while The Nasdaq Composite rose 0.70% to touch a new intraday high since April last year.
December 12 Market Report: Executive Mosaic’s GovCon Index and U.S. Stocks Swing Higher, Feds Hold Last Meeting in 2023
Executive Mosaic’s GovCon Index Total rose 0.5% to $4,619.20 and swung higher along with most U.S. stocks. The Dow Jones (+0.48%) and S&P 500 Index (+0.46%) hit their highest intraday levels since January 2022, while The Nasdaq Composite rose 0.70% to touch a new intraday high since April last year.
December 12 Market Report: Executive Mosaic’s GovCon Index and US Stocks Swing Higher, Feds Hold Last Meeting in 2023
Executive Mosaic’s GovCon Index Total rose 0.5% to $4,619.20 and swung higher along with most U.S. stocks. The Dow Jones (+0.48%) and S&P 500 Index (+0.46%) hit their highest intraday levels since January 2022, while The Nasdaq Composite rose 0.70% to touch a new intraday high since April last year.
December 13 Market Report: Executive Mosaic’s GovCon Index Surges, Wall Street Celebrates End of Rate Hikes
Executive Mosaic’s GovCon Index total surged 1.01% to $4,666.38 as Wall Street turned festive and celebrated the end of rate hikes. The Dow Jones rose more than 500 points to close at a record high, while the S&P 500 and Nasdaq Composite also gained on mid-week.
December 14 Market Report: Executive Mosaic’s GovCon Index Slides, Major Indexes Post Modest Gains
Executive Mosaic’s GovCon Index slipped 1.27% to $4,607.81 as most of its constituents closed in the red. Wall Street’s major indexes managed to post modest gains. The Dow Jones Industrial Average (+0.43%) closed at another record high, while the S&P 500 (+0.26%) and Nasdaq Composite (+0.19%) edged higher.
December 15 Market Report: Executive Mosaic’s GovCon Index Edges Lower, Wall Street Still on Overdrive
Executive Mosaic’s GovCon Index Total edged 0.26% lower to $4595.81, although Wall Street remained on overdrive. The Dow Jones Industrial Average (+0.15%) hit a fresh all-time high record and so did the Nasdaq Composite (+0.35%). The S&P 500 (-0.01%) declined but marked its longest weekly winning streak since 2017.
December 18 Market Report: Executive Mosaic’s GovCon Index Returns to Positive Territory
Executive Mosaic’s GovCon Index landed to positive territory, rising 0.27% and lifting the total to $4,603.34. The Nasdaq Composite extended its winning streak to eight days, while the S&P 500 was nearing its all-time closing high record. Only the Dow Jones Industrial Average stayed flat to start the week.
December 19 Market Report: Executive Mosaic’s GovCon Index Ticks Up, Major Indexes Near All-Time Highs
Executive Mosaic’s GovCon Index followed its strong start this week with a 0.45% gain to $4,629.17. The Dow Jones Industrial Average registered its fifth straight record close, while the S&P 500 is close to matching a record set two years ago. Nasdaq’s 0.66% gain was the most for the day.
December 20 Market Report: Executive Mosaic’s GovCon Index Sinks, Broad Market Selloff Stalls Wall Street’s Rally
Executive Mosaic’s GovCon Index declined 1.33%, bringing the total down to $4,568.54. Wall Street’s rally stalled mid-week as the Dow Jones (-1.27%) and the S&P 500 (-1.47%) posted their worst days since early October and September. Chip stocks, including market leader NVIDIA (Nasdaq: NVDA), pulled down the Nasdaq Composite (-1.50%).
