Executive Mosaic’s GovCon Index advanced 0.49% to $4,582.22 and recovered lost ground. Wall Street regained strength mid-week with the S&P 500 (+0.57%) closing below its all-time high. The Dow Jones Industrial Average added 0.45%, while the tech-heavy Nasdaq (+0.75%) extended its winning streak to five days.
September 20, 2024
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GovCon News
January 11 Market Report: Executive Mosaic’s GovCon Index Swings to Red, Major Indexes Hardly Move
Executive Mosaic’s GovCon Index went red after slipping 0.23% to $4,571.84. U.S. stocks wavered throughout the session but the major indexes closed mixed. The Dow Jones Industrial Average (+0.04%) and S&P 500 (-0.07%) posted slight gains and losses, while the Nasdaq Composite snapped its winning streak and finished flat.
January 12 Market Report: Executive Mosaic’s GovCon Index Bounces Back, Nearly All Constituents Advance
Executive Mosaic’s GovCon Index surged 1.46% to $4,639.99 and upstaged the major indexes. The Dow Jones Industrial Average inched lower (-0.31%), while the S&P 500 (+0.08%) and Nasdaq Composite (+0.02%) posted modest gains. Still, moderating inflation and corporate earnings could buoy the markets this week and after.
January 16 Market Report: Executive Mosaic’s GovCon Index and Major Indexes Sink After Long Weekend
Executive Mosaic’s GovCon Index drops 1.5% to $4,571.41 after a strong comeback before the long weekend. Wall Street’s major indexes flashed red, opening the shortened trading week with losses. Despite its slip, the S&P 500 (-0.37%) remains close to its all-time high from two years ago.
January 16 Market Report: Executive Mosaic’s GovCon Index and Major Indexes Sink After Long Weekend
Executive Mosaic’s GovCon Index drops 1.5% to $4,571.41 after a strong comeback before the long weekend. Wall Street’s major indexes flashed red, opening the shortened trading week with losses. Despite its slip, the S&P 500 (-0.37%) remains close to its all-time high from two years ago.
January 17 Market Report: Executive Mosaic’s GovCon Index and Major Indexes Extend Slumps
Executive Mosaic’s GovCon Index lost 0.25% to close lower at $4,559.91. The Dow Jones Industrial (-0.25%), S&P 500 (-0.56%), and Nasdaq Composite (-0.59%) slipped anew as investors’ expectations of early rate cuts dim. The ten-year Treasury yield rose to 4.113% and added pressure on stocks.
January 18 Market Report: Executive Mosaic’s GovCon Index Gains, Wall Street Ends Slump on Broad Market Rally
Executive Mosaic’s GovCon Index rose 1.04% to $4,607.73 as the broad market rally on Thursday ended Wall Street’s slump. The Nasdaq Composite (+1.35%) and the blue-chip Dow Jones Industrial Average (+0.54%) recouped their losses, while the S&P 500 (+0.88%) inched closer to its record-high close registered in January 2022.
January 19 Market Report: Executive Mosaic’s GovCon Index Edges Higher, S&P 500 Posts New All-Time High
Executive Mosaic’s GovCon Index gained 0.04% to close slightly higher at $4,609.49. The S&P 500 Index advanced 1.23% to surpass its previous all-time high recorded in January 2022, while the blue-chip Dow Jones (+1.05%) registered a second record close in 2024. Surging tech stocks pushed the Nasdaq Composite higher (+1.70%).
January 22 Market Report: Executive Mosaic’s GovCon Index Rises, New Records Set at Wall Street
Executive Mosaic’s GovCon Index had a strong start for the week, rising 0.70% to $4,642.17. All major indexes remained positive, with the Dow Jones Industrial Average (+0.36%) closing above 38,000 for the first time and the S&P 500 (+0.22%) hitting a new all-time high. The tech-heavy Nasdaq Composite rose 3.2%.
January 23 Market Report: Executive Mosaic’s GovCon Index and Dow Jones Slip, Corporate Earnings in Focus
Executive Mosaic’s GovCon Index slipped 0.57% to $4,615.98 on Tuesday, while the Dow Jones Industrial Average (-0.25%) closed lower due to mixed corporate earnings. The Nasdaq Composite (+0.43%) inched higher, and so did the S&P 500 (+0.29%), with a fresh record. Investors' focus have shifted to corporate earnings.
January 24 Market Report: Executive Mosaic’s GovCon Index Sags, Mega-Cap Tech Stocks Shine
Executive Mosaic’s GovCon Index declined for the second straight day, sagging 0.15% to $4,615.98. The Dow Jones Industrial Average (-0.26%) remained in the red, too, pulled down by top-weighted constituents. Tech heavyweights lifted the Nasdaq Composite (+0.36%), while the S&P 500 (+0.08) set another record high despite a moderate gain.
January 25 Market Report: Executive Mosaic’s GovCon Index Slides Further, Major Indexes Advance
Executive Mosaic’s GovCon Index slumped for the third straight day, sliding 0.55% to $4,584.12. In contrast, Wall Street’s major indexes responded positively to the better-than-expected GDP growth. The S&P 500 (+0.53%) registered a fifth all-time high, while the Dow Jones Industrial Average (+0.64%) and Nasdaq Composite (+0.18%) posted gains.
