Executive Mosaic's GovCon Index ends higher at $5,409.28 (+0.71%) as Wall Street rejoiced before the weekend after the Feds intimated a rate cut in September. The Dow Jones Industrial Average (+1.14%) and S&P 500 (+1.15%) closed near record levels, while the Nasdaq Composite (+1.47%) also advanced more than one percent.
GovCon News
August 26 Market Report: Executive Mosaic’s GovCon Posts Tiny Loss, Wall Street Takes a Pause
Executive Mosaic’s GovCon Index closed lower at $5,406.52 (-0.05%) following a meager loss. Wall Street paused from Friday’s rate cut rally, although the blue-chip Dow Jones Industrial Average (+0.17%) inched higher and scored a new record close. The Nasdaq Composite (-0.85%) and the S&P 500 (-0.32%) ended in red territory.
August 27 Market Report: Executive Mosaic’s GovCon Index Ends Higher, Wall Street Up on Fractional Gains
Executive Mosaic’s GovCon Index climbed from Monday’s negative position, rising 0.46% to $5,431.55. Wall Street’s Big Three ended positive on fractional gains after the U.S. consumer confidence index rose to its highest level this month. The Dow Jones Industrial Average closed at a record high for the second straight session.
August 28 Market Report: Executive Mosaic’s GovCon Index Sustains Gain, Major US Indexes Settle Lower
Executive Mosaic's GovCon Index closed higher at $5,454.70 (+0.42%) for a second straight daily gain. Wall Street retreated on technology sector weakness. The Nasdaq Composite (-1.12%) sunk to a two-week low, while the blue-chip Dow Jones Industrial Average (-0.39%) and benchmark S&P 500 Index (-0.60%) settled lower.
August 29 Market Report: Executive Mosaic’s GovCon Index Extends Winning Streak, Hits New Record Close
Executive Mosaic’s GovCon Index rose 0.86% to $5,501.82, a new record close. On Wall Street, the blue-chip Dow Jones Industrial Average advanced 0.59% to a fresh record, while the benchmark S&P 500 Index was flat. The tech-heavy Nasdaq Composite (-0.23%) ticked lower due to the slump of a top constituent.
August 30 Market Report: Executive Mosaic’s GovCon Index Registers 4th Straight Daily Gain, Wall Street Ends Positive
Executive Mosaic's GovCon Index ended 0.69% higher at $5,538.65 following four straight daily gains. All the major U.S. stock indexes finished positive Friday and for the week. The Nasdaq Composite (+1.13%) and S&P 500 (+1.01%) turned green, while the blue-chip Dow Jones Industrial Average (+0.55%) hit a new all-time high.
September 3 Market Report: Executive Mosaic’s GovCon Index Sinks, Wall Street Tumbles on Sharp Selloff
Executive Mosaic's GovCon Index lost footing after a strong August, sinking 1.95% to $5,432.63. Fears of a weakening economy caused the rocky start in September. The Nasdaq Composite (-3.26%) and S&P 500 (-2.12%) suffered their worst day since early August, while the Dow Jones Industrial Average (-1.51%) shed 626 points.
September 4 Market Report: Executive Mosaic’s GovCon Index Turns Positive, Wall Street Ends Mixed
Executive Mosaic’s GovCon Index recovered from Tuesday’s sharp selloff, ending slightly higher at $5,446.83. Only the Dow Jones Industrial Average (+0.09%) ended positive on Wall Street. The Nasdaq Composite (-0.30%) and S&P 500 (-0.16%) registered 3-week and two 1/2-week lows on modest losses.
September 5 Market Report: Executive Mosaic’s GovCon Index Ends in the Red on Heightened Volatility
Executive Mosaic’s GovCon Index ended in red territory following a 0.77% drop to $5,405.12 due to heightened market volatility. The Dow Jones Industrial Average (-0.54%) and S&P 500 (-0.30%) settled lower on signs of a weakening labor market. Only the tech-heavy Nasdaq Composite (+0.25%) bucked the downward trend.
September 9 Market Report: Executive Mosaic’s GovCon Index Rebounds, Wall Street Ends Positive
Executive Mosaic’s GovCon Index finished in positive territory Monday, rising 1.35% to $5,201.87. Major U.S. stock exchanges turned green following steep losses on Friday. The Dow Jones Industrial Average gained 1.2%, or nearly 485 points, while the S&P 500 and Nasdaq Composite advanced by an identical 1.6%.
September 10 Market Report: Executive Mosaic’s GovCon Index Slides, Major U.S. Indexes Mixed
Executive Mosaic’s GovCon Index fell into red territory after sliding 0.3% to $5,186.24. The Dow Jones Industrial Average (-0.23%) edged lower, while the broader S&P 500 Index (+0.45%) and the tech-heavy Nasdaq Composite (+0.84%) rose for the second straight day.
September 6 Market Report: Executive Mosaic’s GovCon Index Falls, Wall Sinks Deeper
Executive Mosaic’s GovCon Index had a forgettable holiday-shortened week ending, falling 1.74% to $5,312.73 Friday. Wall Street’s major stock indexes flashed red due to job market concerns. The blue-chip Dow Jones Industrial Average (-1.01%), S&P 500 (-1.73%) and tech-heavy Nasdaq Composite (-2.55%) registered their worst starts to September in years.