Executive Mosaic’s GovCon Index turned green, with gainers lifting the total to $4,609.23. All the major U.S. indexes recovered from their sharp drops on mid-week. The Dow Jones Industrial climbed more than 300 points, while the Nasdaq Composite ticked higher. The S&P 500 is within 1% of its all-time high.
September 20, 2024
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GovCon News
December 22 Market Report: Executive Mosaic’s GovCon Index Advances as Wall Street Nears Record High
Executive Mosaic’s GovCon Index ended with positive returns, rising 0.57% to $4,635.67. The benchmark S&P 500 (+0.17%) registered its longest winning streak since 2017, while the Nasdaq Composite (+0.19%) ticked higher. Only the Dow Jones Industrial Average finished in the red, although it hit a record high during the week.
December 26 Market Report: Executive Mosaic’s GovCon Index Joins Wall Street’s Post-Christmas Rally
Executive Mosaic's GovCon Index grows 0.41% to $4,654.78 as it joins the post-Christmas rally. Wall Street's Big Three indexes ended higher to start the last but holiday-shortened trading week in 2023. The Dow Jones Industrial Average and S&P 500 increased by 0.4%, while the Nasdaq Composite gained 0.5%.
December 27 Market Report: Executive Mosaic’s GovCon Index Drifts Higher, Dow Jones Posts New Record
Executive Mosaic’s GovCon Index drifted higher or +0.11% to $4,660.09. The Dow Jones Industrial Average (+0.30%) registered its sixth record close this month, while the S&P 500 is close to matching its 2022 record. More than 200 tech stocks hit new 52-week highs to lift the Nasdaq Composite (+0.16%).
December 28 Market Report: Executive Mosaic’s GovCon Index Joins Modest Santa Rally, S&P Nears Record Territory
Executive Mosaic’s GovCon Index eked a small gain to $4,660.50 (+0.01%) amid muted trading. The Dow Jones Industrial Average (+0.14%) advanced, while the S&P 500 (+0.04%) is 13 points short of its all-time closing high in January 2022. Only the Nasdaq Composite (-0.03%) slipped during the modest Santa Rally.
December 29 Market Report: Executive Mosaic’s GovCon Index Extends Rally, Big Three Slip on Year-End
Executive Mosaic’s GovCon Index rose 0.17% to $4,668.47 to extend its post-Christmas rally to four days. However, Wall Street’s major indexes lost steam and ended in the red on year-end. Still, it was a blockbuster year for U.S. stocks, as evidenced by robust gains of the Big Three.
January 2 Market Report: Executive Mosaic’s GovCon Index Slips Into Negative Territory, US Stocks Slump
Executive Mosaic’s GovCon Index slipped 0.39% to $4,650.38 to snap its five-day winning streak. U.S. stocks tumbled at the start of 2024, although the Dow Jones Industrial Average (+0.07%) gained slightly. The Nasdaq Composite (-1.63%) lost steam, while the S&P 500 (-0.57%) finished lower.
January 3 Market Report: Executive Mosaic’s GovCon Index and Wall Street Flash Red, Santa Claus Rally Fizzles Out
Executive Mosaic’s GovCon Index fell sharply to $4,584.88 after losing 1.43%. The expected continuation of the Santa Claus Rally until January 3 fizzled out. Instead, the Nasdaq Composite (-1.18%), S&P 500 (-80%), and the Dow Jones Industrial Average (-0.76%) lost ground and posted negative returns.
January 4 Market Report: Executive Mosaic’s GovCon Index Slips, Major Indexes Struggle
Executive Mosaic’s GovCon Index closed 0.20% lower to $4,575.60, extending its slump to three days. Major indexes tried to shake off the rocky start in 2024, but only the Dow Jones Industrial Average (+0.03%) eked out a gain. The S&P 500 (-0.34%) and Nasdaq Composite (-0.56%) stayed in red territory.
January 5 Market Report: Executive Mosaic’s GovCon Index Extends Skid, Major Indexes Post Gains to End Lackluster Week
Executive Mosaic’s GovCon Index dipped 0.21% to $4,565.98, extending its skid in January to four days. However, Wall Street’s major indexes subdued the pressure and ended higher. The ten-year Treasury yield rose above 4% after the U.S. Bureau of Labor Statistics reported a stronger-than-expected December jobs report.
January 8 Market Report: Executive Mosaic’s GovCon Index Rebounds, Big Tech Stocks Lead Market Rally
Executive Mosaic’s GovCon Index rose 0.31% to $4,580, snapping its four-day skid in January. Big Tech stocks led a market rally that lifted the Nasdaq Composite (+2.2%) and the S&P 500 (+1.41%). The blue-chip Dow Jones Industrial Average ticked higher (+0.58%) to register three straight days of gains.
January 9 Market Report: Executive Mosaic’s GovCon Index Retreats, Nasdaq Gains on Mixed Trading
Executive Mosaic’s GovCon Index is back in the red after sliding 0.45% to $4,559.55. The Dow Jones Industrial Average and S&P 500 drifted lower, but the Nasdaq posted a modest gain to keep its winning streak going. The ten-year Treasury yield edged higher while oil prices recovered from sharp losses.
