Executive Mosaic’s GovCon Index rose slightly to $4,848.68 (+0.06%) but marked a strong month. With the latest inflation data showing progress, the Nasdaq Composite (+0.90%) and S&P 500 (+0.52%) recorded new record highs. The Dow Jones Industrial Average (+0.12%) had a modest gain.
September 20, 2024
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GovCon News
March 1 Market Report: Executive Mosaic’s GovCon Index Retreats, Major US Indexes Advance
Executive Mosaic’s GovCon Index edged 0.15% lower to $4,844.11 to start March. However, the major U.S. indexes advanced, with the tech-heavy Nasdaq Composite (+1.14%) registering a new record high of 16,274.94. The S&P (+0.80%) closed above 5,100 for the first time, while the Dow Jones (+0.23%) added 90.99 points.
March 4 Market Report: Executive Mosaic’s GovCon Index Outperforms, Major Indexes Slip
Executive Mosaic’s GovCon Index climbed 1.21% to $4,903.23 and outperformed Wall Street’s main indexes. The Nasdaq Composite (-0.41%) and S&P 500 (-0.25%) retreated from their all-time highs, while the Dow Jones Industrial Average closed lower (-0.25%). However, tech stocks with AI plays continued their rally from last week.
March 5 Market Report: Executive Mosaic’s GovCon Index Ticks Higher, Tech Rally Ends
Executive Mosaic’s GovCon Index gained 0.32% to $4,918.38 despite 18 constituents closing in red territory. Wall Street’s main indexes declined following the retreat of tech stocks. The Nasdaq Composite fell 1.65%, the Dow Jones Industrial Average (-1.04%) shed more than 400 points, and the S&P 500 (-1.02%) tumbled.
March 6 Market Report: Executive Mosaic’s GovCon Index Extends Gains, Wall Street Regains Ground
Executive Mosaic’s GovCon Index continued its momentum, rising 0.32% to $4,962.45 as 80% of its constituents advanced. Wall Street’s top stock market indexes regained ground and settled higher. The tech-heavy Nasdaq Composite (+0.58%) led the recovery from Tuesday's selloff. GCI stocks Palantir Technologies (NYSE: PLTR) and AeroVironment (Nasdaq: AVAV) outperformed.
March 7 Market Report: Executive Mosaic’s GovCon Index Still Rising, All Green on Wall Street
Executive Mosaic’s GovCon Index gained 0.11% to $4,967.96, extending its winning streak to four days. It was all green on Wall Street following a broad market rally. The S&P 500 (+1.03%) registered a fresh closing record, while the Nasdaq Composite (+1.51%) notched a new all-time high.
March 8 Market Report: Executive Mosaic’s GovCon Index Snaps Winning Streak, Wall Street Pulls Back
Executive Mosaic’s GovCon Index slipped 0.60% to $4,938.26 and snapped its four-day winning streak. Wall Street pulled back amid shaky trading and profit-taking. The Nasdaq Composite fell 1.16% after its top stock had its worst day, while the blue-chip Dow Jones Industrial Average (-0.18%) and S&P 500 (-0.65%) drifted lower.
March 11 Market Report: Executive Mosaic’s GovCon Index Sinks, Risk-Off Day on Wall Street
Executive Mosaic’s GovCon Index, fresh from a seven-week winning streak, declined 0.91% to $4,893.55 Monday. Wall Street had a risk-off day, with the S&P 500 (-0.11%) and Nasdaq Composite (-0.41%) losing for the second consecutive session. The blue-chip Dow Jones Industrial Average (+0.12%) struggled but ended in positive territory.
March 12 Market Report: Executive Mosaic’s GovCon Index Turns Positive, US Stocks Rally on Not-so-Bad Inflation Data
Executive Mosaic’s GovCon Index turned positive again after drifting 0.17% higher to $4.906.30. All the major U.S. indexes reacted favorably to the latest inflation data, with the Nasdaq Composite (+1.54%) leading the rally. The S&P 500 (+1.12%) recorded another record close, while the Dow Jones Industrial Average gained 0.61%.
March 13 Market Report: Executive Mosaic’s GovCon Index Stays Afloat, Mixed Close on Wall Street
Executive Mosaic’s GovCon Index stayed positive at $4,911.75 after a modest 0.11% gain. However, it was a mixed close at Wall Street. The Dow Jones Industrial Average (+0.10%) gained, while the S&P 500 (-0.19%) and Nasdaq Composite (-0.54%) drifted lower as the ten-year Treasury yield rose 0.04% to 4.19% mid-week.
March 14 Market Report: Executive Mosaic’s GovCon Index Slips, Wall Street Turns Bearish
Executive Mosaic’s GovCon Index slipped 0.49% to $4,889.62, erasing Wednesday’s gain. Wall Street’s main indexes closed lower as investors turned bearish. The day’s highlight was the 11 basis points increase of the ten-year Treasury note to 4.298% in reaction to the higher-than-expected producer price index and core PPI in February.
March 15 Market Report: Executive Mosaic’s GovCon Index Ends Lower, Wall Street Retreats on Inflation Concerns
Executive Mosaic’s GovCon Index closed lower at $4,880.45, a modest 0.19% loss that snapped its seven-week winning streak. Wall Street’s three main indexes posted negative returns Friday on inflation worries. Inflation reports, including the latest consumer price index, showed higher-than-expected readings. Traders expect the Feds to delay interest rate cuts.
