Executive Mosaic’s GovCon Index slid 0.87% to $141.47 to snap its winning streak. The major indexes lost steam as stocks succumbed to rising bond yields. After moving from green to red, and vice-versa, the Dow Jones (-0.51%), the Nasdaq Composite (-0.63%) and the S&P 500 Index (-0.62%) fell in unison.
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Executive Mosaic’s GovCon Index gained 0.1% to close at $135.54 on the last trading day of the month and quarter. All three major indexes had a good start but lost steam eventually. The Nasdaq Composite rose 0.14%, but the Dow Jones and S&P 500 fell 0.47% and 0.27%.
Executive Mosaic’s GovCon Index shed 0.17% to close lower at $135.42, but the pullback in oil prices and Treasury yield boosted the major U.S. indexes. The tech-heavy Nasdaq Composite (+0.83%) gained the most from the reduced selling pressure, while the S&P 500 (+0.59%) and the Dow Jones (+0.35%) ticked higher.