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.
January 17, 2025
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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.
November 21 Market Report: Executive Mosaic’s GovCon Index Rises, Wall Street Flashes Green
Executive Mosaic’s GovCon Index rose 1.28% to $5,193.45, the second straight daily gain after a downward trend. The Dow Jones Industrial Average (+1.06%) and S&P 500 (+0.53%) surged, while the tech-heavy Nasdaq Composite (+0.03%) turned green following a tiny gain. Super Micro Computer (Nasdaq: SMCI) popped 15.12% Thursday, stealing the thunder from Magnificent Seven stocks, including AI king NVIDIA (Nasdaq:...
November 22 Market Report: Executive Mosaic’s GovCon Index Sustains Comeback, Dow Jones Sets New Record Close
Executive Mosaic’s GovCon Index rose for the third straight session to close 0.37% higher at $5,212.93. Major US indexes advanced, with the Dow Jones Industrial Average (+0.97%) notching a new record close. The S&P 500 (+0.35%) and Nasdaq Composite (+0.16%) stayed the course. Better-than-expected corporate earnings of 95% of S&P 500 companies are tailwinds for US stocks. According to FactSet,...
November 25 Market Report: Executive Mosaic’s GovCon Index Pulls Back, Major Indexes Advance
Executive Mosaic’s GovCon Index pulled back following a winning week, declining 0.87% to $5,168.10. The Dow Jones Industrial Average (+0.99%) finished with a new all-time high after adding 440 points. Also, on Monday, the S&P 500 (+0.30%) and Nasdaq Composite (+0.27%) closed near-record levels. Wall Street reacted positively to President-elect Donald Trump’s US Treasury secretary choice. Nine S&P primary sectors...
November 26 Market Report: Executive Mosaic’s GovCon Index Swings to Positive on Broad Market Rally
Executive Mosaic’s GovCon Index rebounded from Monday’s loss, rising 0.64% to $5,201.61. The broader S&P 500 Index (+0.57%) and the Dow Jones Industrial Average (+0.28%) reached new record highs, while mega-cap tech stocks lifted the Nasdaq Composite (+0.63%). Global stock markets declined on fears of potentially higher U.S. tariffs, including goods from USMCA partners Canada and Mexico. The U.S. dollar...
November 29 Market Report: Executive Mosaic’s GovCon Index and Wall Street Ends Positive After Holiday Break
Executive Mosaic’s GovCon Index declined before Thanksgiving Day but rose 0.50% to $5,203.60 Friday. Wall Street’s major indexes also retreated mid-week, then recovered after the break. The Nasdaq Composite climbed +0.83%, while the S&P 500 (+0.56%) and the Dow Jones Industrial Average finished at new all-time highs. Magnificent Seven stocks advanced, except Google parent Alphabet (Nasdaq: GOOGL). Super Micro Computer...
December 2 Market Report: Executive Mosaic’s GovCon Index Falters, Fresh Records Set on Wall Street
Executive Mosaic’s GovCon Index declined 0.76% to $5,164.39 for a lackluster start in December. The Dow Jones Industrial Average (-0.29%) slipped Monday, while the Nasdaq Composite (+0.97%) and S&P 500 (+0.24%) raced to new record highs. Adobe Analytics reported that shoppers spent a record $6.1 billion on Black Friday, of which $3.6 billion were online sales. Super Micro Computer (Nasdaq:...
December 3 Market Report: Executive Mosaic’s GovCon Index Skids, Another Record-Setting Day on Wall Street
Executive Mosaic’s GovCon Index sunk 0.75% to $5,125.87, nearly the same percentage drop Monday. The Dow Jones Industrial Average (-0.17%) also closed lower for the second straight day, while the Nasdaq Composite (+0.40%) and S&P 500 (+0.05%) hit new record highs on modest gains. Stellar Performer The GovCon Index had 20 decliners compared to nine advancers. AeroVironment (Nasdaq: AVAV) fell...
December 4 Market Report: Executive Mosaic’s GovCon Index Rebounds, Major US Benchmarks Set New Records
Executive Mosaic’s GovCon Index rose 0.76% to $5,165.07, arresting its early December skid. The Dow Jones Industrial Average (+0.69%) rebounded too and joined the Nasdaq Composite (+1.3%) and S&P 500 (+0.61%) in posting record intraday and new closing highs mid-week. Large-cap tech stocks, including the Magnificent Seven, were the top market movers. Semiconductor maker Marvell Technology (Nasdaq: MRVL) led the...
