Executive Mosaic’s GovCon Index rose 1.04% to $4,607.73 as the broad market rally on Thursday ended Wall Street’s slump. The Nasdaq Composite (+1.35%) and the blue-chip Dow Jones Industrial Average (+0.54%) recouped their losses, while the S&P 500 (+0.88%) inched closer to its record-high close registered in January 2022.
Executive Mosaic’s GovCon Index fell sharply to $4,584.88 after losing 1.43%. The expected continuation of the Santa Claus Rally until January 3 fizzled out. Instead, the Nasdaq Composite (-1.18%), S&P 500 (-80%), and the Dow Jones Industrial Average (-0.76%) lost ground and posted negative returns.
Executive Mosaic’s GovCon Index total surged 1.01% to $4,666.38 as Wall Street turned festive and celebrated the end of rate hikes. The Dow Jones rose more than 500 points to close at a record high, while the S&P 500 and Nasdaq Composite also gained on mid-week.
Executive Mosaic’s GovCon Index advanced 1.69% to $139.85 and posted a 3.4% monthly gain. However, Wall Street had a dismal October. The Dow Jones (+0.38%) and S&P 500 (+0.65%) edged higher but suffered their first three-month losing streak. The Nasdaq Composite gained 0.48%, although it lost 2.8% for the month.
Executive Mosaic’s GovCon Index slipped into red territory, losing 0.89% to close at an average of $142.17. Major indexes, from the Dow Jones Industrial Average (-0.98%) to the S&P 500 (-1.34%), and the Nasdaq Composite (-1.62%), registered losses. The rise in long-term bond yields triggered the market selloff.
Executive Mosaic’s GovCon Index edged higher to $141.63 (+0.24%), extending its winning streak to three days. Wall Street got a boost from declining Treasury yields and easing oil prices. The Dow Jones Industrial Average (+0.40%), Nasdaq Composite (+0.58%) and the S&P 500 (+0.52%) remained in positive territory, posting modest gains.
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 ticked lower, declining 0.39% to close at $132.99. All three major indexes moved lower too as investors await the critical labor market data on Friday. Economists and market analysts believe the nonfarm payrolls report will determine the Federal Reserve’s next move on interest rates.
