GovCon News

Executive Mosaic’s GovCon Index ended its two-day winning streak after sliding 0.44% to $5,480.68. Wall Street was all red at the close. Slumping chip stocks pulled down the Nasdaq Composite (-0.56%). The Dow Jones Industrial Average (-0.22%) and S&P 500 (-0.33%) started strong but eventually gave up gains. Super Micro Computer (Nasdaq: SMCI) plunged 32.68% after Ernst & Young resigned...

Executive Mosaic’s GovCon Index declined 2.31% to $5,356.79, ending October with its most significant one-day loss. The index tracking the performance of stocks in the government contracting sector, also registered a 0.25% month-on-month loss. Wall Street’s top three indexes tumbled due to a broad selloff. The Nasdaq Composite sank 2.76% following the rout of tech stocks. Microsoft (Nasdaq: MSFT) and...

Executive Mosaic’s GovCon Index recovered from a steep loss, finishing at $5,375.43, +0.37% higher. Major U.S. stock indexes also ended positive after Thursday’s selloff. The Nasdaq Composite (+0.80%) led the comeback, followed by the Dow Jones Industrial Average (-0.69%) and the S&P 500 Index (+0.41%).     Two tech titans lifted the broad market. Amazon.com (Nasdaq: AMZN) climbed 6.19%, while...

Executive Mosaic’s GovCon Index edged 0.12% higher to $5,383.39, sustaining its gain before the weekend. Wall Street’s top stock indexes slipped ahead of the US presidential elections on Tuesday. The Dow Jones Industrial Average (-61%) fell the most versus the Nasdaq Composite (-0.33%) and S&P 500 (-0.28%).  NVIDIA (Nasdaq: NVDA) will officially become a Dow Jones component when the market...

Executive Mosaic’s GovCon Index surged 1.46% to $5,462.91 for its third-straight daily gain. Market momentum is back on Wall Street on election day. Chip stocks lifted the tech-heavy Nasdaq Composite (+1.43%), while the Dow Jones Industrial Average (+1.02%) and S&P 500 (+1.23%) finished higher on upbeat corporate news.  Among Tuesday’s market movers, top and worst performers, were two GovCon Index...

Executive Mosaic’s GovCon Index marked its best day performance, finishing 1.99% higher at $5,573.77. Major U.S. stock indexes also hit new all-time highs after Tuesday’s presidential elections. The Dow Jones Industrial Average (+3.57%) added 1,508.05 points, while the Nasdaq Composite (+2.95%) and S&P 500 (+2.53%) posted significant gains. Wall Street reacted positively to the election results and new mandate for...

Executive Mosaic’s GovCon Index closed lower at $5,562.17 (-0.21%) after registering its first daily loss since Oct. 31. On Wall Street, the broader S&P 500 (-0.74%) and tech-heavy Nasdaq Composite (-1.51%) extended their post-election rallies, while the Dow Jones Industrial Average was flat. An added tailwind for US stocks was the Fed’s rate cut.  GovCon Index Winning streak ends The...

Executive Mosaic’s GovCon Index recovered from Thursday’s dip, advancing 1.39% to $5,640.35, its highest close ever. The S&P 500 (+0.38%) and Nasdaq Composite (+0.09%) posted new all-time highs, while the Dow Jones Industrial Average (+0.59%) added nearly 260 points. GCI regains momentum   The GovCon Index regained momentum Friday. Kratos Defense & Security Solutions (Nasdaq: KTOS) showed the way, leading...

Executive Mosaic’s GovCon Index rises 1.02% to $5,698.46, a new high. On Wall Street, the Dow Jones Industrial Average (+0.69%) closed 304.14 points for another record close. The S&P 500 (+.10%) and Nasdaq Composite (+0.06%) posted modest gains. Crypto-related stocks were the top market movers following Bitcoin’s (BTC-USD) climb to $88,455.05. Business intelligence platform and large BTC holder MicroStrategy (Nasdaq:...

Executive Mosaic’s GovCon Index closes lower at $5,653.60 following a -0.79% skid. Wall Street’s post-election rally has paused or has ended as major US stock indexes turned red. The Dow Jones Industrial Average (-0.86%) shed 382.15 points, while the S&P 500 (-0.29%) and Nasdaq Composite (-0.09%) dipped from record highs. Around 77% of NYSE stocks and 67% of Nasdaq Composite...