Executive Mosaic’s GovCon Index rose 0.64% to $4,839.92, ending the holiday-shortened week in positive territory. The Dow Jones Industrial Average (-0.16%) and S&P 500 (+0.03%) hardly moved, although the tech-heavy Nasdaq Composite (-0.28%) edged lower. Despite the roller coaster ride, it was a winning week for Wall Street’s major indexes.
Executive Mosaic’s GovCon Index climbed 0.49% to $4,810.85 as a positive storm hit Wall Street on Thursday. The Nasdaq Composite rose 2.96% to a two-year high, while the S&P 500 (+2.11%) closed at a fresh record. For the first time, the Dow Jones Industrial Average (+1.11%) ended above 39,000 points.
Executive Mosaic’s GovCon Index outperformed Wall Street, advancing 1.01% to $4,796.10. All major indexes ended higher, with the benchmark S&P 500 Index (+0.58%) recording its 11th record high for the year. The Dow Jones Industrial Average (+0.91%) rose triple digits, while the Nasdaq Composite (+0.30%) had a slight gain.
Executive Mosaic’s GovCon Index popped 1.06% to $4,747.52 and recovered from a broad market selloff. Only two GCI constituents closed lower. Wall Street’s major indexes also turned green on Valentine’s Day. The Nasdaq Composite (+1.30%) bounced back together with the S&P 500 (+0.96%) and Dow Jones Industrial Average (+0.40%).
Executive Mosaic’s GovCon Index slipped further to $4,615.41 (-0.77%) as investors’ confidence sank to start the week. Fed Chairman Jerome Powell confirmed on Sunday that no rate cut is coming in March. The Dow Jones Industrial Average (-0.71%), the S&P 500 (-0.32%) and the Nasdaq Composite (-0.20%) tumbled in unison.
Executive Mosaic’s GovCon Index slipped further to $4,615.41 (-0.77%) as investors’ confidence sank to start the week. Fed Chairman Jerome Powell confirmed on Sunday that no rate cut is coming in March. The Dow Jones Industrial Average (-0.71%), the S&P 500 (-0.32%), and the Nasdaq Composite (-0.20%) tumbled in unison.
Executive Mosaic’s GovCon Index picked up steam at the start of a busy week, rising 0.35% to $4,641.47. Two of the three major indexes log new records anew. The Dow Jones Industrial Average (+0.59%) and S&P 500 (+0.76%) posted their sixth-record close, while the tech-heavy Nasdaq Composite rose 1.12%.
Executive Mosaic’s GovCon Index declined for the second straight day, sagging 0.15% to $4,615.98. The Dow Jones Industrial Average (-0.26%) remained in the red, too, pulled down by top-weighted constituents. Tech heavyweights lifted the Nasdaq Composite (+0.36%), while the S&P 500 (+0.08) set another record high despite a moderate gain.
Executive Mosaic’s GovCon Index lost 0.25% to close lower at $4,559.91. The Dow Jones Industrial (-0.25%), S&P 500 (-0.56%), and Nasdaq Composite (-0.59%) slipped anew as investors’ expectations of early rate cuts dim. The ten-year Treasury yield rose to 4.113% and added pressure on stocks.
Executive Mosaic’s GovCon Index surged 1.46% to $4,639.99 and upstaged the major indexes. The Dow Jones Industrial Average inched lower (-0.31%), while the S&P 500 (+0.08%) and Nasdaq Composite (+0.02%) posted modest gains. Still, moderating inflation and corporate earnings could buoy the markets this week and after.
