Executive Mosaic’s GovCon Index extended its losing streak, sliding by 0.26% to $133.47, in contrast to the modest recovery of the three major U.S. indexes. The Nasdaq Composite, S&P 500 Index, and the Dow Jones Industrial Average rose 1.35%, 0.81%, and 0.39% as Treasury yields retreated on mid-week.
Executive Mosaic’s GovCon Index gained 1.17% to snap its six-day losing streak. There was panic at Wall Street initially when the stronger-than-expected jobs report came out, but a turnaround followed. The Dow Jones Industrial Average (+0.87%), S&P 500 Index (+1.18%) and Nasdaq Composite (+1.60%) ended the week in the green.
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%.
Executive Mosaic’s GovCon Index remained in the red for the fourth consecutive session, declining 0.79% to $133.81. Wall Street tumbled, led by the nearly 431-point drop (-1.29%) by the blue-chip Dow Jones Industrial Average. The bond sell-off continues, with the 30-year Treasury yield touching a high 4.95%.
Executive Mosaic’s GovCon Index shed 0.17% to close lower at $135.42, but the pullback in oil prices and Treasury yield boosted the major U.S. indexes. The tech-heavy Nasdaq Composite (+0.83%) gained the most from the reduced selling pressure, while the S&P 500 (+0.59%) and the Dow Jones (+0.35%) ticked higher.
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.
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.
Executive Mosaic’s GovCon Index is back in the red, slipping 0.99% to $134.27 following the sharp losses of three major US indexes. The Dow Jones Industrial Average registered its most significant one-day drop since March this year, while the Nasdaq Composite and the S&P 500 Index declined 1.57% and 1.47%.
Executive Mosaic’s GovCon Index stayed afloat mid-week, gaining a modest 0.02% to close at $138.65. Unfortunately, all major US stock indices sank after the Feds kept its benchmark rate unchanged, but hints of one more hike before the year ends.
Executive Mosaic’s GovCon Index fell 1.86% to $136.11, and U.S. stocks slumped following the Feds’ hike pause but “higher rates for longer” warning on mid-week. The ten-year Treasury yield climbed to 4.48%, its highest level since 2007.
