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.
Executive Mosaic’s GovCon Index gained 1.17% to snap its six-day losing streak. There was panic at Wall Street initially when the stronger-than-expected jobs report came out, but a turnaround followed. The Dow Jones Industrial Average (+0.87%), S&P 500 Index (+1.18%) and Nasdaq Composite (+1.60%) ended the week in the green.
