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October 12 Market Report: Executive Mosaic’s GovCon Index and Wall Street Lose Steam as Bond Yields Pop, Inflation Still Elevated
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October 12 Market Report: Executive Mosaic’s GovCon Index and Wall Street Lose Steam as Bond Yields Pop, Inflation Still Elevated

Executive Mosaic’s GovCon Index slid 0.87% to $141.47 to snap its winning streak. The major indexes lost steam as stocks succumbed to rising bond yields. After moving from green to red, and vice-versa, the Dow Jones (-0.51%), the Nasdaq Composite (-0.63%) and the S&P 500 Index (-0.62%) fell in unison.