Executive Mosaic's GovCon Index drooped lower for the second straight day (-0.26%), closing at $152.12. Wall Street turned red, with all three major indexes retreating. Energy stocks retreated mid-week and pulled down the Dow Jones (-0.19%) and S&P 500 (-0.39%). The Nasdaq Composite gave up 83.2 points or 0.58%.
Executive Mosaic’s GovCon Index had another strong finish, ending at $142.31 (+1.43%). Wall Street kept its upward momentum alive as the ten-year Treasury yield dropped to 4.6888%. The Dow Jones Industrial Average, the S&P 500 Index, and the Nasdaq Composite advanced by 1.7% or more.
Executive Mosaic’s GovCon Index (+0.54%) and the Dow Jones Industrial Average (+0.12%), closed higher on Friday. The S&P 500 Index declined 0.5%, while the Nasdaq Composite shed 166.98 points (-1.23%) to end the week in the red. Investors are worried about corporate earnings and the backlash from the Mid-East war.
Executive Mosaic’s GovCon Index advanced 4.75% to $141.28 amid a raging Middle East war. Many expected the latest geopolitical tension to rattle the major indexes. Instead, the Dow Jones Industrial Average (+0.59%), S&P 500 Index (+0.63%), and the Nasdaq Composite (+0.39%) posted modest gains to start the week.