Executive Mosaic’s GovCon Index advanced for the second straight day, finishing 0.43% higher at $5,366.84. The Dow Jones Industrial Average (+0.33%) registered a new record high, while the Nasdaq Composite (-0.39%) and S&P 500 (-0.13%) slipped before the weekend. Twenty of 30 Dow Jones components ended positive Friday. On the GovCon Index, AeroVironment (Nasdaq: AVAV) topped 22 gainers, rising 2.33%...
November 14, 2024
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GovCon News
September 30 Market Report: Executive Mosaic’s GovCon Index and Wall Street End Positive
Executive Mosaic’s GovCon Index started the week on a positive note, advancing 0.54% to $5,369.95. Wall Street’s major stock indexes were all green, with the S&P 500 (+0.42%) and the Dow Jones Industrial Average (+0.04%) closing September with fresh records. The tech-heavy Nasdaq Composite (+0.38%) edged higher. Energy and communications services were the top performers among 11 S&P 500 primary...
October 1 Market Report: Executive Mosaic’s GovCon Index Rises to Start Q4 2024, Defense Stocks Outperform
Executive Mosaic’s GovCon Index finished 1.45% higher at $5,449.09, a strong start to Q4 2024. On the other hand, Wall Street’s major indexes were all red. The Nasdaq Composite and S&P 500 sunk 1.53% and 0.93% on Tuesday, while the Dow Jones Industrial Average (-0.41%) fell from its record high. About 38% of Nasdaq components were flat, and only 32%...
October 2 Market Report: Executive Mosaic’s GovCon Index Retreats, Major Indexes Up on Narrow Gains
Executive Mosaic’s GovCon Index retreated mid-week, closing 0.23% lower at $5,436.84. Escalating Middle East tensions continue to hound Wall Street, although all three major indexes ended positive on narrow gains. Despite heightened geopolitical risks, 19 S&P 500 stocks traded at new 52-week highs. However, Humana (NYSE: HUM) in the healthcare sector plunged 11.79% following a drop in its Medicare Star...
October 3 Market Report: Executive Mosaic’s GovCon Index Turns Positive, Wall Street Goes Red
Executive Mosaic’s GovCon Index turned positive, ending slightly higher at $5,442.94 (+0.11%). Wall Street fell into red territory, with the Dow Jones Industrial Average (-0.44%) shedding almost 185 points. The broader S&P 500 Index (-0.17%) slipped, while the Nasdaq Composite (-0.04%) tilted lower. Equity markets continue to lose steam because of geopolitical uncertainty. However, NVIDIA (Nasdaq: NVDA) led gainers with...
October 4 Market Report: Executive Mosaic’s GovCon Index Rises, Resilient Labor Market Lifts Wall Street
Executive Mosaic’s GovCon Index ended 49% higher at $5,469.34, marking another winning week. Wall Street flashed green, bannered by the tech-heavy Nasdaq Composite (+1.22%) and the broader S&P 500 Index (+0.90%). The Dow Jones Industrial Average Nasdaq Composite (+0.81%) closed at a fresh record high. NYSE regained momentum, with 73% of stocks advancing. On the tech side, Facebook’s parent company,...
October 7 Market Report: Executive Mosaic’s GovCon Index Slides, US Stocks Weaken as Bond Yields Rise
Executive Mosaic’s GovCon Index lost steam to start the week, sliding 0.61% to $5,436.01. Wall Street turned red as reduced rate cut expectations pushed bond yields higher. The Nasdaq Composite (-1.18%) fell sharply, while the Dow Jones Industrial Average and S&P 500 lost nearly one percent. Magnificent Seven stocks, except one, finished lower on Monday. Chipmaker NVIDIA (Nasdaq: NVDA) rose 2.2%...
October 8 Market Report: Executive Mosaic’s GovCon Index Reverses Course, Wall Street Rebounds
Executive Mosaic’s GovCon Index reversed course from Monday’s tumble, finishing at $5,459.73 (+0.44%). Wall Street rebounded as the Nasdaq Composite (+1.45%) and S&P 500 (+0.97%) staged a comeback. The blue-chip Dow Jones Industrial Average (+0.30%) added 126 points. The recovery of large-cap tech stocks from a steep downturn lifted the Nasdaq Composite. Besides its 4.05% gain, NVIDIA’s (Nasdaq: NVDA) market...
October 9 Market Report: Executive Mosaic’s GovCon Index Rises, Easing Recession Fears Lifts US Stocks
Executive Mosaic’s GovCon Index advanced for the second straight day, closing 0.45% higher at $5,484.66. Easing recession fears and a soft-landing scenario lifted the blue-chip Dow Jones Industrial Average (+1.03%) and broader S&P 500 (+0.71%) to new records. The tech-heavy Nasdaq Composite (+0.60%) extended its rally. Cruise operators were the top S&P 500 gainers, led by the 10.91% and 7.05%...
October 10 Market Report: Executive Mosaic’s GovCon Index Falls Sharply, Wall Street Tilts Lower
Executive Mosaic’s GovCon Index fell 1.06% to $5,426.99 following a selloff. The Dow Jones Industrial Average (-0.14%), S&P 500 (-0.21%) and Nasdaq Composite (-0.05%) ended lower on moderate losses. The latest consumer price index reading shows that inflation is slowing, but the fight isn’t over. Micron Technology (Nasdaq: MU) on the tech-heavy index advanced 3.92%, while Advanced Micro Devices (Nasdaq:...
October 11 Market Report: Executive Mosaic’s GovCon Index Bounces Back, New Earnings Season Kicks Off
Executive Mosaic’s GovCon Index bounced back from Thursday’s steep loss, rising 1.42% to $5,505.35. Wall Street turned positive as the third-quarter earnings season gets underway. The Dow Jones Industrial Average (+0.97%) and S&P 500 (+0.61%) finished at all-time closing highs, while the Nasdaq Composite (+0.33%) settled higher. JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) kicked off the new...
October 14 Market Report: Executive Mosaic’s GovCon Index Outperforms, Record-Setting Monday at Wall Street
Executive Mosaic’s GovCon Index outperformed to start the week, climbing 0.74% to $5,546.14. It was all green at Wall Street, with the Dow Jones Industrial Average (+0.47%) and S&P 500 (+0.77%) posting new record closing highs for the second straight session. The Nasdaq Composite (+0.87%) almost hit a fresh record. Strong corporate earnings so far in Q3 2024 lifted market...
