Executive Mosaic’s GovCon Index turned positive after three daily losses, drifting 0.15% higher to $5,108.61. Wall Street’s major stock indexes recovered from a tailspin that began Aug 1. The S&P 500 and Nasdaq Composite rallied more than one percent, while the Dow Jones Industrial Average (+0.76%) gained nearly 300 points.
GovCon News
August 7 Market Report: Executive Mosaic’s GovCon Index Stays Positive, Wall Street Slides
Executive Mosaic’s GovCon Index stayed positive, closing at $5,117.16 (+0.02%) on a teeny gain. Wall Street’s major stock indexes retreated from Tuesday’s rally and flashed red again. The Nasdaq Composite (-1.05%) declined the most, while blue-chip the Dow Jones Industrial Average (-0.60%) and the benchmark S&P 500 (-0.77%) finished lower.
August 8 Market Report: Executive Mosaic’s GovCon Index Powers Up as Wall Street Stages Comeback
Executive Mosaic’s GovCon Index rose 1.74% to $5,207.70, its second-best daily performance, and extended its winning streak to three days. Wall Street staged a comeback on favorable labor market news. The Nasdaq Composite (+2.87%) and S&P 500 (+2.30%) recovered, while the blue-chip Dow Jones Industrial Average (+1.76%) advanced 683 points.
August 9 Market Report: Executive Mosaic’s GovCon Index Posts 4th Straight Daily Gain, Wall Street Ends Higher
Executive Mosaic’s GovCon Index rose modestly to $5,216.43 (+0.17%) following a nearly 2% advance on Thursday. The tech-heavy Nasdaq Composite (+0.51%), benchmark S&P 500 (+0.47%) and the blue-chip Dow Jones Industrial Average (+0.13%) ticked higher, coming from a torrid rally and sizeable gains a day before.
August 12 Market Report: Executive Mosaic’s GovCon Index Extends Winning Streak, Wall Street Closes Mixed
Executive Mosaic’s GovCon Index rose modestly for the second straight session, closing slightly higher at $5,229.90 (+0.26%) but extending its winning streak to five days. The S&P 500 was flat to start the week, while the Nasdaq Composite (+0.21%) inched up and the Dow Jones Industrial Average (-0.36%) ticked lower.
August 13 Market Report: Executive Mosaic’s GovCon Index Sustains Upward Trend, Wall Street Bounces Back
Executive Mosaic’s GovCon Index sustained its upward trend, rising 0.48% to $5,255.33. Market momentum returned to Wall Street, evidenced by the substantial gain of the tech-heavy Nasdaq Composite (+2.43%). The Dow Jones Industrial Average (+1.04%) climbed 408.63 points, while the broad S&P 500 Index added 1.68%.
August 14 Market Report: Executive Mosaic’s GovCon Index Posts 7th Straight Daily Gain, Inflation Drop Lifts Wall Street
Executive Mosaic’s GovCon Index rose 0.66% to $5,290.05 mid-week for its seventh straight daily gain, matching its longest winning streak in May. Wall Street’s major stock indexes stayed positive as U.S. inflation dropped to 2.9% in July or below 3% for the first time since March 2021.
August 15 Market Report: Executive Mosaic’s GovCon Index Hits New High, Wall Street Posts Strong Gains
Executive Mosaic’s GovCon Index advanced 0.70% to $5,327.33, a new high following eight consecutive daily gains. Wall Street’s main indexes rose within record levels on fresh economic data. The tech-heavy Nasdaq Composite rose 2.34%, while the S&P 500 (+1.61%) and the blue-chip Dow Jones Industrial Average (+1.39%) ended sharply higher.
August 16 Market Report: Executive Mosaic’s GovCon Index Sets New Records, Wall Street Perks Up
Executive Mosaic’s GovCon Index rose 0.32% to $5,342.51 and set new records. In addition to staying positive from Monday to Friday, the index extended its winning streak to nine days. Wall Street’s three major stock indexes bounced back from a sharp selloff, culminating with modest gains to end the week.
August 19 Market Report: Executive Mosaic’s GovCon Index Extends Winning Run to 10 Sessions, Posts Highest Close
Executive Mosaic’s GovCon Index ends 0.35% higher at $5,361.04 for its highest close following ten straight positive finishes. Wall Street was all green. The Dow Jones Industrial Average (+0.58%) and S&P 500 (+0.97%) kept their winning streaks going, and so did the tech-heavy Nasdaq Composite (+1.39%) besides leaving correction territory.
August 20 Market Report: Executive Mosaic’s GovCon Index Ends Bull Run, Wall Street Retreats
Executive Mosaic’s GovCon Index ended its mild bull run of ten days, closing 0.25% lower at $5,347.60. Wall Street’s major indexes also snapped their winning streaks. The tech-heavy Nasdaq Composite fell 0.33%, while the blue-chip Dow Jones Industrial (-0.15%) and S&P 500 (-0.15%) finished in the red on modest losses.
August 21 Market Report: Executive Mosaic’s GovCon Index Settles Higher, Wall Street Returns to Positive Territory
Executive Mosaic’s GovCon Index settled higher at $5,372.88 (+0.47%) after Tuesday’s retreat. Wall Street’s major stock indexes turned positive on rising odds of a September rate cut. The Nasdaq Composite (+0.57%) and S&P 500 (+0.42%) hit one-month and four-week highs, respectively, while the Dow Jones Industrial Average (+0.14%) rose modestly.