Executive Mosaic’s GovCon Index slipped for the second straight day, closing slightly lower at 144.03. The S&P 500 Index (+0.12%) and Nasdaq Composite (+0.07%) sustained their momentum from Tuesday, but the Dow Jones Industrial Average (-0.13%) snapped its four-day winning streak. Cisco Systems and Walmart were the biggest decliners.
Executive Mosaic’s GovCon Index shed 0.18% to end lower at $140.93 as the downslide since Monday continues. Wall Street flashed red, with the Dow Jones Industrial Average (-0.39%) falling for the second straight session. The S&P 500 (-0.43%) and the Nasdaq Composite (-0.40%) ended their winning streaks.
Executive Mosaic’s GovCon Index lost steam from Friday’s rally and slipped 0.39% to $142.22. The major indexes edged higher with Nasdaq Composite (+0.30%) registering its longest winning streak since January 2023. Both the Dow Jones (+0.10%) and S&P 500 (+0.18%) notched six straight days of wins since mid-year and July.
Executive Mosaic’s GovCon Index advanced 0.17% to $138.45 amid a negative market sentiment. Big tech companies suffered sharp price declines leading the Nasdaq Composite (-1.76%) into enter correction territory. The S&P 500 Index (-1.18%) fell to its lowest level, while the Dow Jones Industrial Average also registered a loss (-0.76%).
Executive Mosaic’s GovCon Index was not spared from the market correction, closing 0.70% lower at $135.16. While the index lost for the second straight day, eight constituents gained compared to only one from the previous trading day. All three major US indices extended their losing streak to four days.
