Executive Mosaic’s GovCon Index declined 0.74% to $4,810.82 and has lost 2.4% since April 1. U.S. stocks retreated due to the unfavorable inflation data. The S&P 500 (-0.95%) dropped to a three-low year, while the Dow Jones Industrial Average (-1.09%) shed 423 points and the Nasdaq Composite (-0.84%) closed lower.
Executive Mosaic’s GovCon Index edged 0.15% lower to $4,844.11 to start March. However, the major U.S. indexes advanced, with the tech-heavy Nasdaq Composite (+1.14%) registering a new record high of 16,274.94. The S&P (+0.80%) closed above 5,100 for the first time, while the Dow Jones (+0.23%) added 90.99 points.
Executive Mosaic’s GovCon Index climbed 0.49% to $4,810.85 as a positive storm hit Wall Street on Thursday. The Nasdaq Composite rose 2.96% to a two-year high, while the S&P 500 (+2.11%) closed at a fresh record. For the first time, the Dow Jones Industrial Average (+1.11%) ended above 39,000 points.
Executive Mosaic’s GovCon Index rose 0.89% to $4,625.36, ending its losing streak. Only the Dow Jones Industrial Average (+0.16%) of the three major indexes advanced with a fifth-record close in 2024. The S&P 500 (-0.07%) lost steam, while the Nasdaq Composite fell (-0.36%) on the weakness of chip stocks.
Executive Mosaic’s GovCon Index had a strong start for the week, rising 0.70% to $4,642.17. All major indexes remained positive, with the Dow Jones Industrial Average (+0.36%) closing above 38,000 for the first time and the S&P 500 (+0.22%) hitting a new all-time high. The tech-heavy Nasdaq Composite rose 3.2%.
Executive Mosaic’s GovCon Index rose 0.17% to $4,668.47 to extend its post-Christmas rally to four days. However, Wall Street’s major indexes lost steam and ended in the red on year-end. Still, it was a blockbuster year for U.S. stocks, as evidenced by robust gains of the Big Three.
Executive Mosaic’s GovCon Index ended with positive returns, rising 0.57% to $4,635.67. The benchmark S&P 500 (+0.17%) registered its longest winning streak since 2017, while the Nasdaq Composite (+0.19%) ticked higher. Only the Dow Jones Industrial Average finished in the red, although it hit a record high during the week.
Executive Mosaic’s GovCon Index followed its strong start this week with a 0.45% gain to $4,629.17. The Dow Jones Industrial Average registered its fifth straight record close, while the S&P 500 is close to matching a record set two years ago. Nasdaq’s 0.66% gain was the most for the day.
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.
