Executive Mosaic’s GovCon Index turned red on Monday, slipping 0.22% to $4,160.98. Wall Street’s major indexes also lost steam, with the Dow Jones Industrial Average (-0.16%) and Nasdaq Composite (-0.14%) edging lower. The S&P 500 (-0.38%) retreated but remained within record level. Decliners outnumbered advancers on the GCI.
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February 23 Market Report: Executive Mosaic’s GovCon Index Ends Holiday-Shortened Week in Positive Territory
Executive Mosaic’s GovCon Index rose 0.64% to $4,839.92, ending the holiday-shortened week in positive territory. The Dow Jones Industrial Average (-0.16%) and S&P 500 (+0.03%) hardly moved, although the tech-heavy Nasdaq Composite (-0.28%) edged lower. Despite the roller coaster ride, it was a winning week for Wall Street’s major indexes.
February 20 Market Report: Executive Mosaic’s GovCon Index and Wall Street Open Shortened Week with Losses
Executive Mosaic’s GovCon Index closed 0.40% lower to $4,678.90 at the start of the holiday-shortened week. Wall Street flashed red due to the pullback of tech stocks. The Nasdaq Composite declined nearly 1%, while the Dow Jones Industrial (-0.17%) and S&P 500 (-0.60%) finished in the red too.
February 14 Market Report: Executive Mosaic’s GovCon Index Bounces Back, Valentine’s Day Rally Lifts Wall Street
Executive Mosaic’s GovCon Index popped 1.06% to $4,747.52 and recovered from a broad market selloff. Only two GCI constituents closed lower. Wall Street’s major indexes also turned green on Valentine’s Day. The Nasdaq Composite (+1.30%) bounced back together with the S&P 500 (+0.96%) and Dow Jones Industrial Average (+0.40%).
February 7 Market Report: Executive Mosaic’s GovCon Index Sustains Momentum, S&P 500 Nears 5,000 Mark
Executive Mosaic’s GovCon Index sustained momentum and rose 0.84% to $4,696.70 ($156.56 average). Wall Street had a good trading session as the S&P 500 (+0.82%) notched its eighth record close in 2024 and neared the 5,000 mark. The Dow Jones Industrial Average (+0.41%) and Nasdaq Composite (+0.95%) had solid gains.
January 19 Market Report: Executive Mosaic’s GovCon Index Edges Higher, S&P 500 Posts New All-Time High
Executive Mosaic’s GovCon Index gained 0.04% to close slightly higher at $4,609.49. The S&P 500 Index advanced 1.23% to surpass its previous all-time high recorded in January 2022, while the blue-chip Dow Jones (+1.05%) registered a second record close in 2024. Surging tech stocks pushed the Nasdaq Composite higher (+1.70%).
January 5 Market Report: Executive Mosaic’s GovCon Index Extends Skid, Major Indexes Post Gains to End Lackluster Week
Executive Mosaic’s GovCon Index dipped 0.21% to $4,565.98, extending its skid in January to four days. However, Wall Street’s major indexes subdued the pressure and ended higher. The ten-year Treasury yield rose above 4% after the U.S. Bureau of Labor Statistics reported a stronger-than-expected December jobs report.
December 26 Market Report: Executive Mosaic’s GovCon Index Joins Wall Street’s Post-Christmas Rally
Executive Mosaic's GovCon Index grows 0.41% to $4,654.78 as it joins the post-Christmas rally. Wall Street's Big Three indexes ended higher to start the last but holiday-shortened trading week in 2023. The Dow Jones Industrial Average and S&P 500 increased by 0.4%, while the Nasdaq Composite gained 0.5%.
December 21 Market Report: Executive Mosaic’s GovCon Index Turns Green, Wall Street Rally Resumes
Executive Mosaic’s GovCon Index turned green, with gainers lifting the total to $4,609.23. All the major U.S. indexes recovered from their sharp drops on mid-week. The Dow Jones Industrial climbed more than 300 points, while the Nasdaq Composite ticked higher. The S&P 500 is within 1% of its all-time high.
December 20 Market Report: Executive Mosaic’s GovCon Index Sinks, Broad Market Selloff Stalls Wall Street’s Rally
Executive Mosaic’s GovCon Index declined 1.33%, bringing the total down to $4,568.54. Wall Street’s rally stalled mid-week as the Dow Jones (-1.27%) and the S&P 500 (-1.47%) posted their worst days since early October and September. Chip stocks, including market leader NVIDIA (Nasdaq: NVDA), pulled down the Nasdaq Composite (-1.50%).