Executive Mosaic’s GovCon Index sunk deeper, declining 1.83% at $5,160.07. The fourth-straight daily loss followed the index’s 6.2% plunge the day before. Meanwhile, the Dow Jones Industrial Average (-0.70%) and S&P 500 (-1.32%) suffered their worst drops since Election Day. Lower rate cut expectations in December was a major headwind.
Executive Mosaic’s GovCon Index slumped 6.2% to $5,254.73, its largest one-day loss since the launch in December 2023. The index lost ground on fears of sweeping changes in the federal government contracting industry in 2025 under a new administration. Wall Street's top three benchmarks ended lower Thursday.
Executive Mosaic’s GovCon Index fell into red territory after sliding 0.3% to $5,186.24. The Dow Jones Industrial Average (-0.23%) edged lower, while the broader S&P 500 Index (+0.45%) and the tech-heavy Nasdaq Composite (+0.84%) rose for the second straight day.
