Executive Mosaic’s GovCon Index finished strong at the start of a new week, rising +1.56% to $4,907.37. The Dow Jones Industrial Average (+0.86%) and S&P 500 (+0.16%) gained ground, while the tech-heavy Nasdaq Composite (-0.38%) remained in negative territory. Magnificent Seven stocks, except for Tesla (Nasdaq: TSLA), retreated along with chipmakers. Energy was the top gainer among 11 S&P 500...
January 28, 2025
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GovCon News
January 10 Market Report: Executive Mosaic’s GovCon Index Settles Above Flat Line, Major US Indexes Sinks
Executive Mosaic’s GovCon Index settled slightly above the flat line at $4,830.86 (-0.05%) for its second straight daily gain. Wall Street’s major stock indexes sank as trading resumed after the Day of Mourning. The Dow Jones Industrial Average and Nasdaq Composite lost 1.63%, while the S&P 500 (-1.54%) dropped sharply. The blowout December jobs report triggered the broad market selloff....
January 8 Market Report: Executive Mosaic’s GovCon Index Turns Positive, Wall Street Recovers
Executive Mosaic’s GovCon Index closed 0.75% higher at $4,828.64, averting a third straight daily loss. The Dow Jones Industrial Average (+0.25%) and S&P 500 (-0.16%) posted modest gains, while the Nasdaq Composite (-0.06%) closed slightly below the flat line. Eight of 11 S&P 500 primary sectors advanced, led by healthcare stocks. The tech-heavy Nasdaq gained recovered from Tuesday’s sharp selloff...
January 7 Market Report: Executive Mosaic’s GovCon Index Ticks Lower, Major US Indexes Sinks
Executive Mosaic’s GovCon Index ticked lower 0.29% lower to $4,792.89 at the close, while the major US indexes registered sharp declines. The Nasdaq Composite (-1.89%) and S&P 500 (-1.11%) reversed course and ended their winning streaks, while the Dow Jones Industrial Average (-0.42%) lost steam. All Magnificent Seven stocks, led by AI chipmaker NVIDIA (Nasdaq: NVDA), fell in the red...
January 6 Market Report: Executive Mosaic’s GovCon Index Tumbles, Chip Stocks Rally on AI Optimism
Executive Mosaic’s GovCon Index erased Friday’s gain, closing 1.25% lower at $4,806.56 to start a new week. Chip stocks lifted the Nasdaq Composite (+1.24%) on artificial intelligence optimism. The S&P 500 (+0.55%) notched a third-straight daily win, while the Dow Jones Industrial Average (-0.06%) settled below the flat line. NVIDIA (Nasdaq: NVDA) rose 3.43% to $149.43, a new record close....
January 3 Market Report: Executive Mosaic’s GovCon Index Ends Positive on Belated Santa Claus Rally
Executive Mosaic’s GovCon Index ended higher before the weekend at $4,866.43 (+0.97%) but still lost 0.23% for the week. Wall Street’s major stock benchmarks surged on the last day of the supposedly Santa Claus rally. The Nasdaq Composite (+1.77%), S&P 500 (+1.26%), and Dow Jones Industrial Average (+0.80%) arrested their three-day skids. Momentum returned as tech stocks recovered from their...
January 2 Market Report: Executive Mosaic’s GovCon Index Slides, No Santa Claus Rally at Wall Street
Executive Mosaic’s GovCon Index closed in the red to start 2025, sliding 0.39% to $4,819.09. Wall Street had a blockbuster year, but the expected boost from the Santa Claus rally did not happen. Thursday’s modest losses extended the post-Christmas slump of the Dow Jones Industrial Average (-0.36%), S&P 500 (-0.22%), and the Nasdaq Composite (-0.16%). Mega-cap tech stocks, led by...
December 31 Market Report: Executive Mosaic’s GovCon Index Post Worst Monthly Performance, Ends 2024 with Gain
Executive Mosaic’s GovCon Index inched higher on New Year’s Eve, settling at $4,837.85 (+0.13%). However, it was the worst monthly performance (-7.03%), following only eight daily gains in 21 trading days. Nonetheless, the index representing the government contracting sector ended 2024 with a +3.63% return. All major US indexes ended negative on Tuesday. Wall Street’s Santa Claus rally fizzled in...
December 27 Market Report: Executive Mosaic’s GovCon Index Sputters, Broad Market Retreats
Executive Mosaic’s GovCon Index wrapped up lower at $4,877.81 (-0.69%) for another daily loss in December. All three major US indexes slipped, triggered by the selloff in Big Tech stocks. The Nasdaq Composite (-1.49%), S&P 500 (-1.11%), and the Dow Jones Industrial Average (-0.77%) tumbled as a result. Another daily loss The GovCon Index registered its 12th daily loss...
December 26 Market Report: Executive Mosaic’s GovCon Index Drifts Higher Despite Thin Trading Volume
Executive Mosaic’s GovCon Index ended higher at $4,911.63 (+0.41%), a positive start after the Christmas break. The Dow Jones Industrial Average (+0.07%) rose on a slim gain, while the Nasdaq Composite (-0.05%) and S&P 500 (-0.04%) closed slightly below the flat line. Apple (Nasdaq: AAPL) hit an all-time of $259.02 after analysts raised their price target to $325. The iPhone...
December 24 Market Report: Executive Mosaic’s GovCon Index Rises, Santa Claus Rally Kicks Off
Executive Mosaic’s GovCon Index settled higher at $4,891.72 before Christmas after splitting the first two trading days of the week with a -0.30% loss and +0.45% gain. The Dow Jones Industrial Average (+0.91%), S&P 500 (+1.10%), and the Nasdaq Composite (+1.35%) advanced Tuesday, signaling the start of the Santa Claus rally. Split win-loss The GovCon Index ended positive despite...
December 20 Market Report: Executive Mosaic’s GovCon Index Stays Positive, Latest Inflation Data Lifts Market
Executive Mosaic’s GovCon Index rose for the second straight day, finishing 0.83% higher at $4,884.32. The blue-chip Dow Jones Industrial Average (+1.18%) gained nearly 500 points on encouraging inflation data, while the S&P 500 (+1.09%) and tech-heavy Nasdaq Composite (+1.03%) ended the week on a positive note. Back-to-back gains The GovCon Index posted back-to-back daily gains as advancers overwhelmed...
