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.
September 19, 2024
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September 11 Market Report: Executive Mosaic’s GovCon Index Stays Red as Wall Street Turns Green
Executive Mosaic’s GovCon Index stayed red mid-week, settling lower at $5,179.66 (-0.13%). Wall Street’s top three indexes posted gains, with the tech-heavy Nasdaq Composite (+2.17%) leading the way. The blue-chip Dow Jones Industrial Average (+0.31%) and benchmark S&P 500 (+1.07%) started with losses but finished positive at the closing bell.
September 12 Market Report: Executive Mosaic’s GovCon Index and Wall Street End Higher
Executive Mosaic’s GovCon Index snapped its two-day losing streak, rising 0.63% to $5,212.26. Wall Street sustained its momentum following the gains of the Nasdaq Composite (+1%) and benchmark S&P 500 Index (+0.75%). The blue-chip Dow Jones Industrial Average (+0.58%) added 235 points.
September 16 Market Report: Executive Mosaic’s GovCon Index Sustains Gains, Dow Jones Hits New Record High
Executive Mosaic’s GovCon Index rose 0.4% and finished higher at $5,277.31 to start a new trading week. The Dow Jones Industrial Average (+0.55%) hit a new record close, while the S&P 500 (+0.13%) inched higher. However, tech stocks retreated and pulled down the Nasdaq Composite (-0.52%).
September 17 Market Report: Executive Mosaic’s GovCon Index Closes Lower, Markets Await Rate Cut Announcement
Executive Mosaic’s GovCon Index settled lower at $5,233.81 following a 0.83% drop. The Nasdaq Composite (+0.20%) and S&P 500 (+0.03%) posted tiny gains, while the Dow Jones Industrial Average (-0.04%) tilted to the red zone. Markets await the U.S. Federal Reserve’s rate cut decision on Wednesday.
September 13 Market Report: Executive Mosaic’s GovCon Index Posts Gain, Wall Street Extends Rally
Executive Mosaic's GovCon Index finished strong, rising 0.85% to $5,256.32. Wall Street sustained its rally on speculations of a jumbo rate cut by the Feds. The Dow Jones Industrial Average (+0.72%) added 297 points, while the Nasdaq Composite (+0.65%) and S&P 500 (+0.54%) extended their winning streaks to five days.
September 18 Market Report: Executive Mosaic’s GovCon Index Slips, Wall Street Down After Half-Point Rate Cut
Executive Mosaic’s GovCon Index slips 0.25% to $5,220.73 for its second straight daily loss. The U.S. Federal Reserve lowered interest rates, citing greater confidence in the fight against inflation. However, the Dow Jones Industrial Average (-0.25%), S&P 500 (-0.29%), and tech-heavy Nasdaq Composite (-0.31%) declined despite the 50-basis points cut.
