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May 30 Market Report: Executive Mosaic’s GovCon Index Posts Modest Gain Amid Market Selloff
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May 30 Market Report: Executive Mosaic’s GovCon Index Posts Modest Gain Amid Market Selloff

Executive Mosaic’s GovCon Index ended slightly higher at $4,943.86 following a modest 0.63% gain. Risk-off sentiment prevailed Thursday, with all major indexes closing in the red. The Nasdaq Composite fell 1.08%, while the blue-chip Dow Jones Industrial Average (-0.86%) and S&P 500 (-0.60%) dropped to 2-week and 4-week lows, respectively.

May 15 Market Report: Executive Mosaic’s GovCon Index Clings to Gain, Cooler Inflation Lifts U.S. Stock Indexes
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May 15 Market Report: Executive Mosaic’s GovCon Index Clings to Gain, Cooler Inflation Lifts US Stock Indexes

Executive Mosaic’s GovCon Index stayed positive, rising 0.19% to $5,021 for another daily gain. All three major stock indexes posted news highs due to lower inflation readings in April. The Nasdaq Composite (+1.17%) and S&P 500 (+1.17%) finished strong, while the blue-chip Dow Jones (+0.885) closed near the 40,000 level.