Executive Mosaic’s GovCon Index sunk deeper, declining 1.83% at $5,160.07. The fourth-straight daily loss followed the index’s 6.2% plunge the day before. Meanwhile, the Dow Jones Industrial Average (-0.70%) and S&P 500 (-1.32%) suffered their worst drops since Election Day. Lower rate cut expectations in December was a major headwind.
December 26, 2024
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GovCon News
November 18 Market Report: Executive Mosaic’s GovCon Index Drops, Matches Longest Losing Streak
Executive Mosaic’s GovCon Index dropped 1.15% to $5,101.31, matching its longest losing streak. However, the index has lost 9.77% in five consecutive sessions compared to -2.09% in the losing run five months ago. Uncertainty over possible changes in the government contracting industry in 2025 continues to weigh on GCI constituents. Wall Street’s top benchmarks finished mixed, with the Nasdaq Composite...
November 20 Market Report: Executive Mosaic’s GovCon Index Turns Positive, Ends Descent
Executive Mosaic’s GovCon Index rose 0.67% to $5,127.08, concluding its longest losing streak. The broad S&P 500 Index was flat on Wall Street, while the blue-chip Dow Jones Industrial Average (+0.32%) snapped its four-day skid. The tech-heavy Nasdaq Composite (-0.11%) flipped red following a modest loss.
November 19 Market Report: Executive Mosaic’s GovCon Index Slips, Downtrend Continues
Executive Mosaic’s GovCon Index edged slightly lower to $5,092.63 (-0.17%), extending its losing streak to six days. The blue-chip Dow Jones Industrial Average (-0.13%) posted its fourth-straight daily loss, while the tech-heavy Nasdaq Composite (+0.60%) and broad S&P 500 Index (+0.39%) stayed positive. Market volatility rose due to geopolitical risks.
