Executive Mosaic’s GovCon Index edged higher to $4,751.25 to keep its momentum going from last week. The Dow Jones Industrial Average (+0.33%) rose modestly but still posted a new all-time high. Both the S&P 500 (-0.09%) and Nasdaq Composite (-0.30%) slipped after Monday’s early rally fizzled.
September 20, 2024
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GovCon News
February 13 Market Report: Executive Mosaic’s GovCon Index Retreats, Stubborn Inflation Sparks Selloff
Executive Mosaic’s GovCon Index dropped 1.15% to $4,697.07, ending its five-day winning streak. Wall Street was shellshocked by stubborn inflation causing the blue-chip Dow Jones Industrial Average (-1.35%) to shed 524.63 points. The S&P 500 (-1.37%) and Nasdaq Composite (-1.80%) plunged on widespread losses.
February 14 Market Report: Executive Mosaic’s GovCon Index Bounces Back, Valentine’s Day Rally Lifts Wall Street
Executive Mosaic’s GovCon Index popped 1.06% to $4,747.52 and recovered from a broad market selloff. Only two GCI constituents closed lower. Wall Street’s major indexes also turned green on Valentine’s Day. The Nasdaq Composite (+1.30%) bounced back together with the S&P 500 (+0.96%) and Dow Jones Industrial Average (+0.40%).
February 15 Market Report: Executive Mosaic’s GovCon Index Outperforms, S&P 500 Ends with New Record High
Executive Mosaic’s GovCon Index outperformed Wall Street, advancing 1.01% to $4,796.10. All major indexes ended higher, with the benchmark S&P 500 Index (+0.58%) recording its 11th record high for the year. The Dow Jones Industrial Average (+0.91%) rose triple digits, while the Nasdaq Composite (+0.30%) had a slight gain.
February 16 Market Report: Executive Mosaic’s GovCon Index Slips, Losing Week for Wall Street
Executive Mosaic’s GovCon Index slipped 0.17% to $4,788.02 but still gained nearly 1% amid a turbulent the week. However, Wall Street’s major indexes broke their five-week winning streaks. The Dow Jones Industrial Average (-0.37%) and the benchmark S&P 500 Index (-0.48%) ticked lower, while the tech-heavy Nasdaq Composite fell -0.82%
February 20 Market Report: Executive Mosaic’s GovCon Index and Wall Street Open Shortened Week with Losses
Executive Mosaic’s GovCon Index closed 0.40% lower to $4,678.90 at the start of the holiday-shortened week. Wall Street flashed red due to the pullback of tech stocks. The Nasdaq Composite declined nearly 1%, while the Dow Jones Industrial (-0.17%) and S&P 500 (-0.60%) finished in the red too.
February 21 Market Report: Executive Mosaic’s GovCon Index Rose Slightly Higher, Tech Stocks Retreat
Executive Mosaic’s GovCon Index rose 0.38% to $4,787.32 and closed slightly higher like the Dow Jones Industrial Average (+0.13%) and the S&P 500 (+0.13%). Only the Nasdaq Composite (-0.32%) finished in the red as tech shares retreat. The FOMC meeting minutes on Jan. 30-31, 2024, indicate no rate cuts yet.
February 22 Market Report: Executive Mosaic’s GovCon Index Sustains Momentum, Positive Storm Hits Wall Street
Executive Mosaic’s GovCon Index climbed 0.49% to $4,810.85 as a positive storm hit Wall Street on Thursday. The Nasdaq Composite rose 2.96% to a two-year high, while the S&P 500 (+2.11%) closed at a fresh record. For the first time, the Dow Jones Industrial Average (+1.11%) ended above 39,000 points.
February 23 Market Report: Executive Mosaic’s GovCon Index Ends Holiday-Shortened Week in Positive Territory
Executive Mosaic’s GovCon Index rose 0.64% to $4,839.92, ending the holiday-shortened week in positive territory. The Dow Jones Industrial Average (-0.16%) and S&P 500 (+0.03%) hardly moved, although the tech-heavy Nasdaq Composite (-0.28%) edged lower. Despite the roller coaster ride, it was a winning week for Wall Street’s major indexes.
February 26 Market Report: Executive Mosaic’s GovCon Index Slips, Wall Street Loses Steam
Executive Mosaic’s GovCon Index turned red on Monday, slipping 0.22% to $4,160.98. Wall Street’s major indexes also lost steam, with the Dow Jones Industrial Average (-0.16%) and Nasdaq Composite (-0.14%) edging lower. The S&P 500 (-0.38%) retreated but remained within record level. Decliners outnumbered advancers on the GCI.
February 27 Market Report: Executive Mosaic’s GovCon Index Turns Positive, Major Indexes Stay Near Record Levels
Executive Mosaic’s GovCon Index is back in positive territory after rising 0.23% to $4,840.68. The Dow Jones Industrial Average (-0.25%) declined, while the S&P 500 (+0.17%) and Nasdaq Composite (+0.23%) posted modest gains. Still, Wall Street’s major indexes closed near record levels. Strong earnings growth by S&P 500 companies.
February 28 Market Report: Executive Mosaic’s GovCon Index Posts Modest Gain, Major US Indexes Slide
Executive Mosaic’s GovCon Index closed slightly higher at $4,848.68 (+0.16%) compared to the moderate losses of Wall Street’s main indexes. The Dow Jones Industrial Average (-0.06%) declined for the third straight session, while the Nasdaq Composite (-0.55%) and S&P 500 (-0,17%) closed in the red.
