Executive Mosaic’s GovCon Index registered a third straight daily loss, sliding 0.66% to $5,083.86. Wall Street’s major exchanges lost steam towards week’s end, with the blue-chip Dow Jones Industrial Average (-0.93%) shedding almost 380 points. The S&P 500 (-0.71%) and Nasdaq Composite (-0.81%) declined as rotation from tech stocks intensified.
GovCon News
July 22 Market Report: Executive Mosaic’s GovCon Rises, Wall Street Regains Momentum
Executive Mosaic’s GovCon Index rose 1.12% to $5,111.02 for its second-best start to a week. Wall Street was all green as the Nasdaq Composite (+1.58%) and S&P 500 (+1.08%) posted significant gains. The Dow Jones Industrial Average (+0.32%) ticked higher.
July 23 Market Report: Executive Mosaic’s GovCon Records Highest Close, Wall Street Ends Lower
Executive Mosaic’s GovCon Index finished strong for the second straight day, rising 1.39% to $5,183.03, a new record close. Wall Street turned red on mild losses. The Dow Jones Industrial Average (-0.14%), S&P 500 (-0.16%) and the Nasdaq Composite (-0.06%) pause their record runs, although momentum remains.
July 24 Market Report: Executive Mosaic’s GovCon Index Reverses Course, Wall Street Sinks in Mid-Week Tailspin
Executive Mosaic’s GovCon Index reversed course after two positive days, falling 1.52% to $5,105.57. Big-tech names, particularly the Magnificent 7, sent the Nasdaq Composite (-3.64%) crashing on Wednesday. The benchmark S&P 500 Index (-2.31%) also went into a tailspin, while the blue-chip Dow Jones Industrial Average (-1.25%) shed 504 points.
July 25 Market Report: Executive Mosaic’s GovCon Index Hits New Record Close, Tech Slump Persists
Executive Mosaic’s GovCon Index bucked the tech slump, gaining 1.51% to a new record close of $5,183.98. The Nasdaq Composite (-0.93%) and S&P 500 (-0.51%) extended their losses, while the blue-chip Dow Jones Industrial Average (+0.20%) inched higher. AI stocks are trending down ahead of critical inflation data due Friday.
July 26 Market Report: Executive Mosaic’s GovCon Index Declines Slightly, Wall Street Rises Sharply
Executive Mosaic’s GovCon Index declined slightly from its record high to close at $5,181.95 (-0.03%). Wall Street’s three major indexes rose sharply on strong tailwinds. The blue-chip Dow Jones Industrial Average (+1.64%) added more than 650 points, while the S&P 500 (-1.11%) and Nasdaq Composite (-1.03%) ended their two-day slump.
August 5 Market Report: Executive Mosaic’s GovCon Index Drops Sharply as US Stocks Rout Accelerates
Executive Mosaic’s GovCon Index had its worst day, dropping 2.15% to $5,108.61. Wall Street's rout entered a third straight day with the Nasdaq Composite plunging 3.43%. It was the worst day for the S&P 500 (-3.0%) since 2022, while the Dow Jones Industrial Average (-2.6%) fell to a seven-week low.