Executive Mosaic’s GovCon Index rose 0.89% to $4,625.36, ending its losing streak. Only the Dow Jones Industrial Average (+0.16%) of the three major indexes advanced with a fifth-record close in 2024. The S&P 500 (-0.07%) lost steam, while the Nasdaq Composite fell (-0.36%) on the weakness of chip stocks.
September 20, 2024
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GovCon News
January 29 Market Report: Executive Mosaic’s GovCon Index Drifts Higher, Big Tech Earnings and Rate Decision This Week
Executive Mosaic’s GovCon Index picked up steam at the start of a busy week, rising 0.35% to $4,641.47. Two of the three major indexes log new records anew. The Dow Jones Industrial Average (+0.59%) and S&P 500 (+0.76%) posted their sixth-record close, while the tech-heavy Nasdaq Composite rose 1.12%.
January 30 Market Report: Executive Mosaic’s GovCon Index and Dow Jones Stay Positive, FOMC Meeting Begins
Executive Mosaic’s GovCon Index closed slightly higher to $4,649.58 (+0.17%) and stayed afloat as the FOMC meeting began. The Dow Jones Industrial Average (+0.35%) posted its seventh record close in 2024, while the S&P 500 (-0.06%) and Nasdaq Composite (-0.76%) turned red. Markets await the policymakers' statement and rate decision.
January 31 Market Report: Executive Mosaic’s GovCon Index and Major Indexes Skid, High Rates to Stay and March Cut Unlikely
Executive Mosaic’s GovCon Index slipped 0.87% to $4,609.38 as major indexes hit session lows. Investors’ mood soured after the Feds held rates steady and dashed hopes of a March cut. The Dow Jones Industrial Average lost 317.01 points (-0.82%), while the S&P 500 (-1.61%) and Nasdaq Composite (-2.23%) fell sharply.
February 1 Market Report: Executive Mosaic’s GovCon Index and Wall Street Rebound from Fed-Induced Selloff
Executive Mosaic’s GovCon Index rebounded in a broad market rally, rising nearly 1% to $4,651.64. The Nasdaq Composite popped 1.3% after sinking 2.23% on mid-week due to a Fed-induced selloff. It was also an excellent start to February for the Dow Jones Industrial Average (+0.97%) and the S&P 500 (+1.25%).
February 2 Market Report: Executive Mosaic’s GovCon Index Dips Slightly, Dow Jones and S&P 500 Notch New Records
Executive Mosaic’s GovCon Index dipped slightly from Thursday to end at $4,651.09 (-0.01%). However, the Dow Jones Industrial Average (+0.35%) and S&P 500 (+1.07%) set new records again, buoyed by solid job numbers in December. The Nasdaq Composite rose 1.74% thanks to the stellar gains of two tech giants.
February 5 Market Report: Executive Mosaic’s GovCon Index and Wall Street Sink, Hope of Early Rate Cut Fades
Executive Mosaic’s GovCon Index slipped further to $4,615.41 (-0.77%) as investors’ confidence sank to start the week. Fed Chairman Jerome Powell confirmed on Sunday that no rate cut is coming in March. The Dow Jones Industrial Average (-0.71%), the S&P 500 (-0.32%) and the Nasdaq Composite (-0.20%) tumbled in unison.
February 5 Market Report: Executive Mosaic’s GovCon Index and Wall Street Sinks, Hope of Early Rate Cut Fades
Executive Mosaic’s GovCon Index slipped further to $4,615.41 (-0.77%) as investors’ confidence sank to start the week. Fed Chairman Jerome Powell confirmed on Sunday that no rate cut is coming in March. The Dow Jones Industrial Average (-0.71%), the S&P 500 (-0.32%), and the Nasdaq Composite (-0.20%) tumbled in unison.
February 6 Market Report: Executive Mosaic’s GovCon Index Advances, GCI Stock Shines!
Executive Mosaic’s GovCon Index advanced 0.90% to $4,657.29 and returned to positive territory, with one constituent notching a record gain. Wall Street’s major indexes recovered from Monday’s selloff but with small gains. The benchmark ten-year Treasury note fell to 4.09% from its 11-day high of 4.177% in the previous session.
February 7 Market Report: Executive Mosaic’s GovCon Index Sustains Momentum, S&P 500 Nears 5,000 Mark
Executive Mosaic’s GovCon Index sustained momentum and rose 0.84% to $4,696.70 ($156.56 average). Wall Street had a good trading session as the S&P 500 (+0.82%) notched its eighth record close in 2024 and neared the 5,000 mark. The Dow Jones Industrial Average (+0.41%) and Nasdaq Composite (+0.95%) had solid gains.
February 8 Market Report: Executive Mosaic’s GovCon Index Stays Positive, S&P 500 Posts New Record on Limited Gain
Executive Mosaic’s GovCon Index stayed positive and closed slightly higher at $4,699.42 (+0.06%). Wall Street’s major indexes had limited gains, although the benchmark S&P 500 Index (+0.06%) still posted a new record high. The Dow Jones Industrial Average (+0.13%) and Nasdaq Composite (+0.24%) held steady due to strong corporate earnings.
February 9 Market Report: Executive Mosaic’s GovCon Index Pops, Landmark Moment for S&P 500
Executive Mosaic’s GovCon Index popped 0.89% to $4,741.09 as bullish sentiment engulfs Wall Street. The benchmark S&P 500 Index closed above 5,000 for the first time, while the Nasdaq Composite gained 1.25% as 156 constituents posted new 52-week highs. Only the Dow Jones Industrial Average (-0.14%) slipped on Friday.
