Executive Mosaic’s GovCon Index stayed positive, ending at $5,070.54 (+0.02%) following a tiny gain. However, Wall Street retreats as rate cuts hope dim. The Dow Jones Industrial Average (-0.51%) had its worst trading day in May, while the S&P 500 (-0.27%) and Nasdaq Composite (-0.18%) lost steam.
Executive Mosaic’s GovCon Index gained 0.32% to $4,918.38 despite 18 constituents closing in red territory. Wall Street’s main indexes declined following the retreat of tech stocks. The Nasdaq Composite fell 1.65%, the Dow Jones Industrial Average (-1.04%) shed more than 400 points, and the S&P 500 (-1.02%) tumbled.
Executive Mosaic’s GovCon Index rose nearly 1% to $142.41 and end the week higher. The widespread rally on Wall Street lifted the Big Three and helped them post weekly gains. The Dow Jones gained 391.16 points (+1.15%), while the S&P 500 Index and Nasdaq Composite climbed 1.56% and 2.05%, respectively.
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 rebounded from Tuesday’s loss, climbing 1.01% to $135.64. Nasdaq Composite (+0.22%) and the S&P 500 Index (-0.02%) edged higher, but the Dow Jones finished in the red. The 10-year Treasury Yield rose five basis points to 4.612%, reaching its highest level in 15 years.
