Executive Mosaic’s GovCon Index edge higher, gaining 0.53% to $142.99. The major U.S. indexes also started the week strong, buoyed by optimism on earnings season. Blue-chip Dow Jones rose 0.93% (+324.15 points), while the Nasdaq Composite and S&P 500 advanced 1.2% and 1.06%, respectively.
Tag: Globalstar
September 29 Market Report: Executive Mosaic’s GovCon Index and Wall Street Retreat to End a Typically Worst Month for Stocks
Executive Mosaic’s GovCon Index gained 0.1% to close at $135.54 on the last trading day of the month and quarter. All three major indexes had a good start but lost steam eventually. The Nasdaq Composite rose 0.14%, but the Dow Jones and S&P 500 fell 0.47% and 0.27%.
September 22 Market Report: Executive Mosaic’s GovCon Index Closed Lower as Wall Street Extends Losing Streak
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.
September 25 Market Report: Executive Mosaic’s GovCon Index & U.S. Indices Close Modestly Higher to Start a Critical Week
Executive Mosaic’s GovCon Index averted a three-losing streak, while the major US indices ended their slump to start a critical week. However, the equities market remains shaky due to surging bond yields, downward revisions of corporate earnings estimates, and a potential government shutdown.