Executive Mosaic’s GovCon Index sputtered, then sunk 1.25% to $5,101.21. The broad market lost momentum, partly due to profit-taking ahead of important economic data coming out Friday. Wall Street’s major indexes retreated from record highs. The Dow Jones Industrial Average (-0.55%) shed nearly 250 points. Many stocks started strong but only 34% of NYSE stocks and 29% of Nasdaq components...
January 18, 2025
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GovCon News
December 6 Market Report: Executive Mosaic’s GovCon Index Extends Slump, Rebound Stalls
Executive Mosaic’s GovCon Index posted a second straight daily loss, declining 0.49% and ending the week lower at $5,076.36. The Nasdaq Composite (+0.81%) and S&P 500 (+0.25%) hit record highs anew, while the Dow Jones Industrial Average (-0.28%) extended its slump from the previous day. Friday’s top gainers were Lululemon Athletica (Nasdaq: LULU) and Hewlett Packard (NYSE: HPE). The shares...
December 9 Market Report: Executive Mosaic’s GovCon Index Slips Further, Profit-Taking Rattles Wall Street
Executive Mosaic’s GovCon Index fell 1.14% to $5,019.24 for its third consecutive daily loss and fifth loss after only six trading days in December. Wall Street turned red from profit-taking pressure. The Nasdaq Composite (-0.62%) and S&P 500 (-0.61%) retreated from record highs, while the Dow Jones Industrial Average (-0.54%) extended its losing streak to three days. Nine of 11...
December 10 Market Report: Executive Mosaic’s GovCon Index Posts Gain, Major US Exchanges Down
Executive Mosaic’s GovCon Index finished slightly higher at $5,037.66 (+0.37%), but the major US exchanges did not recover from Monday’s retreat and stayed red. After four consecutive daily losses, the Dow Jones Industrial Average (-0.35%) declined to a two-month low. The tech-heavy Nasdaq lost momentum, evidenced by only 273 advancers (32%). However, Alphabet (Nasdaq: GOOGL) bucked the downtrend with +5.59%....
December 11 Market Report: Executive Mosaic’s GovCon Index Falls, Big Tech Rally Lifts Nasdaq
Executive Mosaic’s GovCon Index tanked 0.80% to close at $4,997.51. It was a record-setting day for the Nasdaq Composite (+1.77%) as the tech-heavy index finished above 20,000 points for the first time. The S&P 500 (+0.82%) regained strength, while the Dow Jones Industrial Average (-0.22%) is on a losing run for five days. Google parent Alphabet (Nasdaq: GOOG) led the...
December 12 Market Report: Executive Mosaic’s GovCon Index Tumbles, Broad Market Pulls Back
Executive Mosaic’s GovCon Index tumbled 0.91% to $4,952.34 following a broad-based retreat. The tech-heavy Nasdaq Composite (-0.66%) and S&P 500 (-0.54%) settled lower, while the Dow Jones Industrial Average (-0.53%) extended its losing streak to six days. Magnificent Seven stocks, except for Apple (Nasdaq: AAPL) and Microsoft (Nasdaq: MSFT), registered losses Thursday. Software company Adobe (Nasdaq: ADBE) topped S&P 500...
December 13 Market Report: Executive Mosaic’s GovCon Index Slips Anew, Wall Street Loses Steam
Executive Mosaic’s GovCon Index slipped fractionally (-0.09%) to $4,947 for its fourth loss in five sessions. The Dow Jones Industrial Average (-0.20%) extended its losing run to seven days, while the S&P 500 was flat. Only the Nasdaq Composite (+0.12%) ended in positive territory. Only 33% of NYSE stocks and Nasdaq Composite advanced before the weekend. Broadcom (Nasdaq: AVGO) led...
December 16 Market Report: Executive Mosaic’s GovCon Index Stops Skid, Defense Stocks Leads Rebound
Executive Mosaic’s GovCon Index turned positive Monday, following a 1.26% gain to $5,010.83. The tech-heavy Nasdaq Composite (+1.24%) closed at a new record high of 20,173.89, while the broad S&P 500 Index (+0.38%) settled higher. However, the blue-chip Dow Jones Industrial Average (-0.25%) recorded its eighth straight losing day. The day’s pace-setters, consumer discretionary, communications services, and technology sectors, advanced...
December 17 Market Report: Executive Mosaic’s GovCon Index Tumbles as Broad Market Retreats
Executive Mosaic’s GovCon Index erased Monday’s gains, falling 1.24% and closing below $5,000 for the fourth time this month. The Dow Jones Industrial Average (-0.61%) extended its losing streak to nine days, its most prolonged downturn since 1978. Tech stocks led the broad market retreat a day ahead of the US Feds’ rate decision. The tech-heavy Nasdaq Composite (-0.32%)...
December 18 Market Report: Executive Mosaic’s GovCon Index Plunge, Rate Outlook Spooks Wall Street
Executive Mosaic’s GovCon Index tanked 2.64% to $4,822.05 for its second-worst single-day performance since the launch. Major US benchmarks also plunged midweek despite a rate cut announcement. The Nasdaq Composite and S&P 500 fell -3.56% and -2.95%, while the Dow Jones Industrial Average (-2.58%) closed at a six-week low besides logging its tenth straight daily loss. Lone gainer The...
December 19 Market Report: Executive Mosaic’s GovCon Index Recovers from Steep Loss, Dow Jones Ends Skid
Executive Mosaic’s GovCon Index recovered from a steep loss midweek, gaining 0.45% to $4,843.85. Wall Street’s major indexes were nearly flat, although the Dow Jones Industrial Average (-0.04%) leaned toward positive to end its ten-day losing streak. The Nasdaq Composite (-0.10%) and S&P 500 ticked lower. However, the 10-year Treasury yield closed above the 4.5%. Gainers edged losers The...
December 20 Market Report: Executive Mosaic’s GovCon Index Stays Positive, Latest Inflation Data Lifts Market
Executive Mosaic’s GovCon Index rose for the second straight day, finishing 0.83% higher at $4,884.32. The blue-chip Dow Jones Industrial Average (+1.18%) gained nearly 500 points on encouraging inflation data, while the S&P 500 (+1.09%) and tech-heavy Nasdaq Composite (+1.03%) ended the week on a positive note. Back-to-back gains The GovCon Index posted back-to-back daily gains as advancers overwhelmed...
