Executive Mosaic’s GovCon Index declined 0.40% to $5,524.24 following new headwinds. Major U.S. stock, led by the tech-heavy Nasdaq Composite (-1.01%), lost ground due to sudden headwinds. The Dow Jones Industrial Average (-0.75%) and S&P 500 (-0.76%) retreated from record highs. The proposed cap on AI chip sales abroad and falling crude oil prices caused the selloff of oil majors...
November 14, 2024
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GovCon News
October 16 Market Report: Executive Mosaic’s GovCon Index and Wall Street Ends Higher After an About-Turn
Executive Mosaic’s GovCon Index made an about-turn mid-week, ending 1.21% higher at $5,592.18. Wall Street turned positive, buoyed by strong corporate earnings reports. The S&P 500 (+0.47%) and Nasdaq Composite (+0.28%) posted modest gains, while the Dow Jones Industrial Average (+0.79%) gained 337.28 points to 43,077.70 for a new record close. Encouraging quarterly results from banking giants and the recovery...
October 17 Market Report: Executive Mosaic’s GovCon Index Ticks Higher, Dow Jones Posts 39th Record Close
Executive Mosaic’s GovCon Index inched higher to $5,599.57 following a modest 0.13% gain. The Dow Jones Industrial Average (+0.37%) posted its 39th record close in 2024, while the Nasdaq Composite (+0.04%) stayed positive. Only the broader S&P 500 Index (-0.02%) turned red Thursday. Taiwan Semiconductor Manufacturing (NYSE: TSM) rose 9.79% after the chip manufacturer reported strong quarterly results and projected...
October 18 Market Report: Executive Mosaic’s GovCon Index Records Highest Close, Wall Street Stays Positive
Executive Mosaic’s GovCon Index rose 0.33% to $5,617.83, a record close since the launch in December 2023. Major U.S. stock indexes stayed positive, with the Dow Jones Industrial Average (+0.09%) notching another all-time high. The broader S&P 500 (+0.40%) and Nasdaq Composite (+0.63%) settled higher. Netflix (Nasdaq: NFLX) was the top gainer with +11.09%. The streaming giant reported revenue and income...
October 21 Market Report: Executive Mosaic’s GovCon Index Settles Lower, Wall Street’s Record Run Ends
Executive Mosaic’s GovCon Index settled slightly lower at $5,616.01 (-0.03%) to start a new trading week. The blue-chip Dow Jones Industrial Average (-0.80%) and broader S&P 500 Index (-0.18%) retreated from Friday’s record highs and snapped their runs, while the tech-heavy Nasdaq Composite (+0.27%) ended in positive territory. Only 30% of Nasdaq constituents advanced, although most tech titans posted gains....
October 22 Market Report: Executive Mosaic’s GovCon Index Drops Sharply, Major U.S. Indexes Settles Mixed
Executive Mosaic’s GovCon Index suffered its worst drop since early September, declining 1.81% from $5,616.01 to $5,515.95. Wall Street’s closing was similar to Monday’s. The blue-chip Dow Jones Industrial Average (-0.02%) and the broader S&P 500 Index (-0.05%) finished lower, while the tech-heavy Nasdaq Composite (+0.18%) edged higher. Earnings reports flooded the market. Automotive manufacturer General Motors (NYSE: GM) and...
October 23 Market Report: Executive Mosaic’s GovCon Index Posts 3rd Straight Daily Loss, Wall Street Dives
Executive Mosaic’s GovCon Index posted a third straight daily loss, sinking further to $5,485.41 (-0.56%). Wall Street’s major indexes fell into red territory due to various headwinds. A selloff hit the Nasdaq Composite (-1.60%), while the Dow Jones Industrial Average (-0.96%) and S&P 500 (-0.92%) extended their losing streaks to three days. Only 28% of Nasdaq components advanced mid-week as...
October 24 Market Report: Executive Mosaic’s GovCon Index Extends Losing Streak, Broader S&P 500 Gains
Executive Mosaic’s GovCon Index declined 0.11% to $5,479.30, matching the four-day losing streak of the Dow Jones Industrial Average (-0.33%). However, the broader S&P 500 (+0.21%) ended its losing run, while the Nasdaq Composite (+0.76%) recovered from Wednesday’s steep loss.
October 24 Market Report: Executive Mosaic’s GovCon Index Extends Losing Streak, Broader S&P 500 Gains
Executive Mosaic’s GovCon Index declined 0.11% to $5,479.30, matching the four-day losing streak of the Dow Jones Industrial Average (-0.33%). However, the broader S&P 500 (+0.21%) ended its losing run, while the Nasdaq Composite (+0.76%) recovered from Wednesday’s steep loss.
October 25 Market Report: Executive Mosaic’s GovCon Index Posts Modest Gain, Wall Street Settles Mixed
Executive Mosaic’s GovCon Index snapped its four-day losing run, posting a modest 0.23% gain to $5,491.84. On Wall Street, the Dow Jones Industrial Average (-0.61%) shed nearly 260 points, and the S&P 500 (-0.03%) ticked lower. The Nasdaq Composite (+0.56%) hit an all-time high ahead of big-tech earnings. All Magnificent Seven stocks, led by Tesla’s (Nasdaq: TSLA) +3.34%, advanced to...
October 28 Market Report: Executive Mosaic’s GovCon Index Stays Positive, Major US Stock Indexes Rallies
Executive Mosaic’s GovCon Index increased slightly, staying positive at $5,492.48 (+0.01%) to start a new week. Wall Street’s top indexes rallied, with the Dow Jones Industrial Average (+0.65%) gaining 273.17 points. The S&P 500 (+0.27%) and Nasdaq Composite (+0.26%) rose ahead of earnings presentations by tech titans. Most oil and gas stocks declined following Monday’s 6% drop in crude oil...
October 29 Market Report: Executive Mosaic’s GovCon Index Advances, Nasdaq Hits New Record Close
Executive Mosaic’s GovCon Index rose 0.27% to $5,507.32, a higher gain from Monday. The Nasdaq Composite (+0.78%) closed at a record high, and the S&P 500 (+0.16%) finished with gains. However, the blue-chip Dow Jones Industrial Average (-0.36%) fell into negative territory. Breakout Stocks on GovCon Index Decliners edged gainers on the GovCon Index, but two stocks had a breakout...
