Executive Mosaic’s GovCon Index outperformed despite slow economic growth and persistent inflation, rising 0.70% to $4,869.50. Wall Street’s major indexes retreated to the red zone. The Dow Jones Industrial Average (-0.96%) shed 375 points, while the S&P 500 (-0.46%) and Nasdaq Composite (-0.64%) escaped closing at their worst levels.
May 13, 2024
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GovCon News
April 26 Market Report: Executive Mosaic’s GovCon Index, Wall Street Gain on Tech Rally
Executive Mosaic’s GovCon Index gained 0.21% to $4,879.91 and stayed positive before the weekend. A tech rally lifted Wall Street Friday and blockbuster earnings of two “Magnificent Seven” stocks aided Nasdaq's 2.02% climb. The blue-chip Dow Jones (+0.40%) and S&P 500 (+1.02%) finished higher.
April 29 Market Report: Executive Mosaic’s GovCon Index Drifts Higher, Strong Q1 Earnings Prop Markets
Executive Mosaic’s GovCon Index drifts moderately higher to $4,915.21, gaining 0.21% to start the week. Strong corporate earnings prop Wall Street, with the S&P 500 (+0.32%) and Nasdaq Composite (+0.35%) rising to two-week highs. The blue-chip Dow Jones Industrial Average (+0.38%) gained 146 points.
April 30 Market Report: Executive Mosaic’s GovCon Index Retreats, Wall Street Drowns in Sea of Red
Executive Mosaic’s GovCon Index fell 0.63% to $4,884.21, a sudden retreat from a strong showing Monday. Wall Street lost momentum as U.S. stocks drowned in red tide. The Dow Jones (-1.47%) shed 570 points, while the S&P 500 (-1.57%) and Nasdaq Composite (-2.04%) plunged on renewed inflation pressures.
May 1 Market Report: Executive Mosaic’s GovCon Index Rises Slightly, Markets Lose Steam
Executive Mosaic’s GovCon Index turned positive mid-week, rising 0.14% to $4,891.06. Wall Street’s major indexes settled mixed, with the Dow Jones Industrial Average (+0.23%) closing modestly higher. The S&P 500 (-0.34%) and Nasdaq Composite (-0.33%) declined due to inflation risks. The U.S. Federal Reserve said interest rates will remain high.
May 2 Market Report: Executive Mosaic’s GovCon Index Clings to Gain, Wall Street Regains Strength
Executive Mosaic’s GovCon Index edged 0.08% higher to $4,894.92, clinging to gains. All three major U.S. stock indexes overcame the headwind and ended positive. Tech stocks rallied to help the Nasdaq Composite rise 1.5%. The Dow Jones Industrial Average (+0.85%) and S&P 500 (+0.91%) trimmed their losses.
May 3 Market Report: Executive Mosaic’s GovCon Index Extends Winning Streak, Weaker Jobs Data Lifts Wall Street
Executive Mosaic’s GovCon Index closed at $4,923.43 or 0.58% higher to continue its strong start in May. The 42.2% month-on-month drop in non-farm payrolls lifts Wall Street. All major indexes surged, with Nasdaq Composite rising nearly 2%, followed by the S&P 500 (+1.26%) and the Dow Jones Industrial Average (+1.18%).
May 6 Market Report: Executive Mosaic’s GovCon Index Surges, Wall Street Also Rises
Executive Mosaic’s GovCon Index surged 1.19% to $4,982.77 for its fourth consecutive daily gain. The Nasdaq Composite had the same percentage gain, while the Dow Jones Industrial Average (+0.46%) and S&P 500 (+1.03%) marked their four-day and three-day win streaks. Wall Street picked up steam from April's weak jobs data.
May 7 Market Report: Executive Mosaic’s GovCon Index Holds Steady, Wall Street Ends Mixed
Executive Mosaic’s GovCon Index held steady, rising modestly to $4,986.68 (-0.08%) despite half of its components falling in red territory. The Dow Jones Industrial Average (+0.08%) and S&P 500 (+0.13%) edged higher, while the Nasdaq Composite (-0.10%) closed slightly lower.
May 8 Market Report: Executive Mosaic’s GovCon Index Slips, Breaks Winning Streak
Executive Mosaic’s GovCon Index ended its four-day winning streak, following a 0.01% slip to $4,986.08. Stock movement was limited mid-week, although the Dow Jones Industrial Average (+0.44%) rose for the sixth consecutive session. The benchmark S&P 500 was flat, while the Nasdaq Composite (-0.18%) drifted lower.
May 9 Market Report: Executive Mosaic’s GovCon Index Turns Positive, Dow Jones Hits 5-Week High
Executive Mosaic’s GovCon Index turned positive, rising 0.79% to $5,025.82. The blue-chip Dow Jones (+0.85%) locks in its seventh straight session, while the S&P 500 (+0.51%) topped 5,200 and the Nasdaq Composite (+0.27%) ticked higher. New unemployment data lifted Wall Street.
May 10 Market Report: Executive Mosaic’s GovCon Index Edges Higher, Dow Jones Marks 8th Straight Daily Gain
Executive Mosaic’s GovCon Index gained 0.13% to $5,032.33 before the weekend, its fourth winning session in five days. On Wall Street, the Dow Jones Industrial (+0.32%) extended its daily gain to eight, while the S&P 500 (0.16%) rose modestly. Only the Nasdaq Composite (-0.03%) tilted toward red territory.
