Executive Mosaic's GovCon Index dipped 1.01% to $152.51, ending its four-day winning streak. The Dow Jones Industrial Average (-0.22%) and the S&P 500 lost steam too not the Nasdaq Composite (+0.31%). Despite the lackluster Tuesday, the major indexes remain up for the quarter and the year.
Executive Mosaic's GovCon Index sustained its momentum, rising 1.37% to $149.83. Wall Street's Big Three lost steam and gave up gains from the previous session while the ten-year Treasury yield rose to 4.259%.
Executive Mosaic’s GovCon Index closed at $140.85 or 0.31% higher to stay positive for the third consecutive session. The Feds’ decision to keep interest rates steady caused bond yields to retreat, triggering a broad stock rally. All three major indexes finished strong, although a year-end rate hike is still possible.
Executive Mosaic’s GovCon Index sustained momentum and rose 0.42%, ending in the green again at $141.94. Wall Street also ticked higher mid-week despite an escalating Mid-East conflict and inflation fears. The Nasdaq Composite (+0.71%) and S&P 500 (+0.43%) finished stronger than the blue-chip Dow Jones (+0.19%).
Executive Mosaic’s GovCon Index remained in the red for the fourth consecutive session, declining 0.79% to $133.81. Wall Street tumbled, led by the nearly 431-point drop (-1.29%) by the blue-chip Dow Jones Industrial Average. The bond sell-off continues, with the 30-year Treasury yield touching a high 4.95%.