Executive Mosaic’s GovCon Index sunk 0.93% to $4,897.60, extending its downswing to five trading days. Wall Street’s major exchanges closed higher as Q3 gets underway. The Nasdaq Composite (+0.83%) got a big lift from mega-cap tech stocks, while the Dow Jones Industrial Average (+0.13%) and S&P 500 (+0.27%) ended higher.
September 19, 2024
Hello, Guest!
GovCon News
July 2 Market Report: Executive Mosaic’s GovCon Index Turns Positive, Wall Street Sustains Momentum
Executive Mosaic’s GovCon Index turned positive, ending at $4,909.25 following a modest 0.24% gain. The Nasdaq Composite (+0.84%) and S&P 500 (+0.62%) hit new highs, while the Dow Jones Industrial Average (+0.41%) notched a third straight daily gain. Semiconductor stocks rallied as Treasury yields drop.
July 5 Market Report: Executive Mosaic’s GovCon Index Sinks After the Holiday Break, Wall Street Advances
Executive Mosaic’s GovCon Index returned from the holiday break with a dismal performance, sinking 0.75% to $4,879.92. The Nasdaq Composite (+0.90%) and S&P 500 (+0.54%) led Wall Street’s advance with new record closes, while the Dow Jones Industrial Average (+0.17%) ticked higher.
July 8 Market Report: Executive Mosaic’s GovCon Index Pivots Higher, New Records Set at Wall Street
Executive Mosaic’s GovCon Index started the week positively, rising modestly higher to $4,886.75 (+0.14%). Chip stocks powered the Nasdaq Composite (+0.28%) to a new record close, while the S&P 500 (+0.10%) marked another record high. Only the Dow Jones Industrial Average (+0.08%) was changed a bit but settled lower.
July 9 Market Report: Executive Mosaic’s GovCon Index Ends in Red Zone, S&P 500 and Nasdaq Post New Records
Executive Mosaic’s GovCon Index gave up Monday’s gain and returned to the red zone with a 0.63% slide to $4,856.12. The Dow Jones Industrial Average (-0.13%) declined for the second straight day, while the Nasdaq Composite (+0.14%) and S&P 500 (+0.07%) recorded new all-time highs despite modest gains.
July 10 Market Report: Executive Mosaic’s GovCon Index Rebounds, Tech Rally Lifts Wall Street
Executive Mosaic’s GovCon Index reversed course mid-week with a 1.03% jump to $4,906.86. Wall Street’s major indexes outperformed following a tech rally and renewed rate cut hopes. The Nasdaq Composite (+1.18%) and S&P 500 (+1.02%) posted new record highs, while the Dow Jones Industrial Average (+1.09%) advanced nearly 430 points.
July 11 Market Report: Executive Mosaic’s GovCon Index Extends Gain, Mega-Cap Tech Stocks Slumps
Executive Mosaic’s GovCon Index closed positive for the second straight day, rising 0.96% to $4,954.32. Wall Street sustained momentum from mid-week but eventually retreated due to a tech selloff. Only the Dow Jones Industrial Average (+0.08%) stayed green. The Nasdaq Composite (-1.95%) and S&P 500 (-0.88%) fell from record highs.
July 12 Market Report: Executive Mosaic’s GovCon Index Sustains Momentum, Dow Jones at Record Level
Executive Mosaic’s GovCon Index stretched its winning streak to three trading sessions, rising 0.58% to $4,982.68. Wall Street’s three major stock indexes had nearly identical gains Friday. The Dow Jones Industrial Average (+0.62%) hit a new all-time high in intraday trading, then settled at 40,000.90 points.
July 15 Market Report: Executive Mosaic’s GovCon Index Posts 4th Straight Daily Gain, Wall Street Steady
Executive Mosaic’s GovCon Index rose 0.41% to $5,003.20 for its fourth straight daily gain since mid-week last week. Wall Street was steady to start the week following an assassination attempt on a former POTUS during a rally Saturday. The blue-chip Dow Jones Industrial Average finished at a new all-time high.
July 16 Market Report: Executive Mosaic’s GovCon Index Posts Best Day and Highest Close, Dow Jones Races to New Record
Executive Mosaic’s GovCon Index had its best day Tuesday, advancing 2% to $5,105.25. The index, which tracks the stock performances of 30 major government contractors, also marked its highest close since its introduction in December 2023. Wall Street saw the Dow Jones Industrial Average and S&P 500 set new records.
July 17 Market Report: Executive Mosaic’s GovCon Index Ticks Lower, Nasdaq Sinks on Tech Selloff
Executive Mosaic’s GovCon Index ended its five-day winning streak, sliding 0.19% to $5,095.82. The Nasdaq Composite (-2.77%) had its worst day, while the S&P 500 (-1.39%) dropped sharply. Only the Dow Jones Industrial Average (+0.59%) survived the tech selloff and posted a third straight record close.
July 18 Market Report: Executive Mosaic’s GovCon Index Dips Slightly, Broad Market Selloff Hits Wall Street
Executive Mosaic’s GovCon Index posted a modest loss for the second straight day, closing at $5,087.07 (-0.17%). Wall Street flashed red due to a broader market selloff. The Dow Jones Industrial Average shed 533 points (-1.29%), while the S&P 500 (-0.78%) and Nasdaq Composite (-0.70%) dropped sharply.
