Executive Mosaic’s GovCon Index reversed course after two positive days, falling 1.52% to $5,105.57. Big-tech names, particularly the Magnificent 7, sent the Nasdaq Composite (-3.64%) crashing on Wednesday. The benchmark S&P 500 Index (-2.31%) also went into a tailspin, while the blue-chip Dow Jones Industrial Average (-1.25%) shed 504 points.
September 7, 2024
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July 25 Market Report: Executive Mosaic’s GovCon Index Hits New Record Close, Tech Slump Persists
Executive Mosaic’s GovCon Index bucked the tech slump, gaining 1.51% to a new record close of $5,183.98. The Nasdaq Composite (-0.93%) and S&P 500 (-0.51%) extended their losses, while the blue-chip Dow Jones Industrial Average (+0.20%) inched higher. AI stocks are trending down ahead of critical inflation data due Friday.
July 26 Market Report: Executive Mosaic’s GovCon Index Declines Slightly, Wall Street Rises Sharply
Executive Mosaic’s GovCon Index declined slightly from its record high to close at $5,181.95 (-0.03%). Wall Street’s three major indexes rose sharply on strong tailwinds. The blue-chip Dow Jones Industrial Average (+1.64%) added more than 650 points, while the S&P 500 (-1.11%) and Nasdaq Composite (-1.03%) ended their two-day slump.
August 5 Market Report: Executive Mosaic’s GovCon Index Drops Sharply as US Stocks Rout Accelerates
Executive Mosaic’s GovCon Index had its worst day, dropping 2.15% to $5,108.61. Wall Street's rout entered a third straight day with the Nasdaq Composite plunging 3.43%. It was the worst day for the S&P 500 (-3.0%) since 2022, while the Dow Jones Industrial Average (-2.6%) fell to a seven-week low.
August 6 Market Report: Executive Mosaic’s GovCon Index Drifts Higher, Wall Street’s Tailspin Ends
Executive Mosaic’s GovCon Index turned positive after three daily losses, drifting 0.15% higher to $5,108.61. Wall Street’s major stock indexes recovered from a tailspin that began Aug 1. The S&P 500 and Nasdaq Composite rallied more than one percent, while the Dow Jones Industrial Average (+0.76%) gained nearly 300 points.
August 7 Market Report: Executive Mosaic’s GovCon Index Stays Positive, Wall Street Slides
Executive Mosaic’s GovCon Index stayed positive, closing at $5,117.16 (+0.02%) on a teeny gain. Wall Street’s major stock indexes retreated from Tuesday’s rally and flashed red again. The Nasdaq Composite (-1.05%) declined the most, while blue-chip the Dow Jones Industrial Average (-0.60%) and the benchmark S&P 500 (-0.77%) finished lower.
August 8 Market Report: Executive Mosaic’s GovCon Index Powers Up as Wall Street Stages Comeback
Executive Mosaic’s GovCon Index rose 1.74% to $5,207.70, its second-best daily performance, and extended its winning streak to three days. Wall Street staged a comeback on favorable labor market news. The Nasdaq Composite (+2.87%) and S&P 500 (+2.30%) recovered, while the blue-chip Dow Jones Industrial Average (+1.76%) advanced 683 points.
