Executive Mosaic’s GovCon Index ended its two-day winning streak after sliding 0.44% to $5,480.68. Wall Street was all red at the close. Slumping chip stocks pulled down the Nasdaq Composite (-0.56%). The Dow Jones Industrial Average (-0.22%) and S&P 500 (-0.33%) started strong but eventually gave up gains. Super Micro Computer (Nasdaq: SMCI) plunged 32.68% after Ernst & Young resigned...
December 26, 2024
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GovCon News
October 31 Market Report: Executive Mosaic’s GovCon Index Marks Worst Day and Losing Month
Executive Mosaic’s GovCon Index declined 2.31% to $5,356.79, ending October with its most significant one-day loss. The index tracking the performance of stocks in the government contracting sector, also registered a 0.25% month-on-month loss. Wall Street’s top three indexes tumbled due to a broad selloff. The Nasdaq Composite sank 2.76% following the rout of tech stocks. Microsoft (Nasdaq: MSFT) and...
November 1 Market Report: Executive Mosaic’s GovCon Index Arrests Slide, Wall Street Rises
Executive Mosaic’s GovCon Index recovered from a steep loss, finishing at $5,375.43, +0.37% higher. Major U.S. stock indexes also ended positive after Thursday’s selloff. The Nasdaq Composite (+0.80%) led the comeback, followed by the Dow Jones Industrial Average (-0.69%) and the S&P 500 Index (+0.41%). Two tech titans lifted the broad market. Amazon.com (Nasdaq: AMZN) climbed 6.19%, while...
November 4 Market Report: Executive Mosaic’s GovCon Index Gains, Wall Street Slips Before Election Day
Executive Mosaic’s GovCon Index edged 0.12% higher to $5,383.39, sustaining its gain before the weekend. Wall Street’s top stock indexes slipped ahead of the US presidential elections on Tuesday. The Dow Jones Industrial Average (-61%) fell the most versus the Nasdaq Composite (-0.33%) and S&P 500 (-0.28%). NVIDIA (Nasdaq: NVDA) will officially become a Dow Jones component when the market...
November 5 Market Report: Executive Mosaic’s GovCon Index Surges, Wall Street Regains Momentum
Executive Mosaic’s GovCon Index surged 1.46% to $5,462.91 for its third-straight daily gain. Market momentum is back on Wall Street on election day. Chip stocks lifted the tech-heavy Nasdaq Composite (+1.43%), while the Dow Jones Industrial Average (+1.02%) and S&P 500 (+1.23%) finished higher on upbeat corporate news. Among Tuesday’s market movers, top and worst performers, were two GovCon Index...
November 6 Market Report: Executive Mosaic’s GovCon Index Marks Best Day, New All-Time Highs at Wall Street
Executive Mosaic’s GovCon Index marked its best day performance, finishing 1.99% higher at $5,573.77. Major U.S. stock indexes also hit new all-time highs after Tuesday’s presidential elections. The Dow Jones Industrial Average (+3.57%) added 1,508.05 points, while the Nasdaq Composite (+2.95%) and S&P 500 (+2.53%) posted significant gains. Wall Street reacted positively to the election results and new mandate for...
November 7 Market Report: Executive Mosaic’s GovCon Index Retreats, Post-Election Rally Holds
Executive Mosaic’s GovCon Index closed lower at $5,562.17 (-0.21%) after registering its first daily loss since Oct. 31. On Wall Street, the broader S&P 500 (-0.74%) and tech-heavy Nasdaq Composite (-1.51%) extended their post-election rallies, while the Dow Jones Industrial Average was flat. An added tailwind for US stocks was the Fed’s rate cut. GovCon Index Winning streak ends The...
November 8 Market Report: Executive Mosaic’s GovCon Index Hits Highest Close, Wall Street Rally Continues
Executive Mosaic’s GovCon Index recovered from Thursday’s dip, advancing 1.39% to $5,640.35, its highest close ever. The S&P 500 (+0.38%) and Nasdaq Composite (+0.09%) posted new all-time highs, while the Dow Jones Industrial Average (+0.59%) added nearly 260 points. GCI regains momentum The GovCon Index regained momentum Friday. Kratos Defense & Security Solutions (Nasdaq: KTOS) showed the way, leading...
November 11 Market Report: Executive Mosaic’s GovCon Index Posts New High, Record Close for Dow Jones
Executive Mosaic’s GovCon Index rises 1.02% to $5,698.46, a new high. On Wall Street, the Dow Jones Industrial Average (+0.69%) closed 304.14 points for another record close. The S&P 500 (+.10%) and Nasdaq Composite (+0.06%) posted modest gains. Crypto-related stocks were the top market movers following Bitcoin’s (BTC-USD) climb to $88,455.05. Business intelligence platform and large BTC holder MicroStrategy (Nasdaq:...
November 12 Market Report: Executive Mosaic’s GovCon Index Skids, Post-Election Rally Pauses
Executive Mosaic’s GovCon Index closes lower at $5,653.60 following a -0.79% skid. Wall Street’s post-election rally has paused or has ended as major US stock indexes turned red. The Dow Jones Industrial Average (-0.86%) shed 382.15 points, while the S&P 500 (-0.29%) and Nasdaq Composite (-0.09%) dipped from record highs. Around 77% of NYSE stocks and 67% of Nasdaq Composite...
November 13 Market Report: Executive Mosaic’s GovCon Index Sinks Again, Wall Street Rally Falters
Executive Mosaic’s GovCon Index widened its loss from Tuesday, sinking 1.31% to $5,580.46. Major indexes started strong but the rally faltered. The Dow Jones Industrial Average (+0.11%) and S&P 500 (+0.02%) settled slightly higher while the Nasdaq Composite (-0.26%) closed in the red.
November 14 Market Report: Executive Mosaic’s GovCon Index Posts Largest One-Day Loss
Executive Mosaic’s GovCon Index slumped 6.2% to $5,254.73, its largest one-day loss since the launch in December 2023. The index lost ground on fears of sweeping changes in the federal government contracting industry in 2025 under a new administration. Wall Street's top three benchmarks ended lower Thursday.
