Executive Mosaic’s GovCon Index slipped 0.24% to $144.94 and stayed in red territory, while the top indexes inched higher. The Nasdaq Composite (+0.29%) gained the most, followed by the Dow Jones Industrial (+0.24%) and the S&P 500 (+0.10%). US stocks got a boost from a key Federal Reserve official.
Executive Mosaic’s GovCon Index shed 0.18% to end lower at $140.93 as the downslide since Monday continues. Wall Street flashed red, with the Dow Jones Industrial Average (-0.39%) falling for the second straight session. The S&P 500 (-0.43%) and the Nasdaq Composite (-0.40%) ended their winning streaks.
Executive Mosaic’s GovCon Index dipped slightly, closing 0.10% lower at $142.08. However, Wall Street’s Big Three posted their longest winning streaks since 2021. The Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite rose 0.17%, 0.28% and 0.90%, respectively. Also, the ten-year Treasury yield marched down to 4.57%.
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.