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.
Executive Mosaic’s GovCon Index (+0.54%) and the Dow Jones Industrial Average (+0.12%), closed higher on Friday. The S&P 500 Index declined 0.5%, while the Nasdaq Composite shed 166.98 points (-1.23%) to end the week in the red. Investors are worried about corporate earnings and the backlash from the Mid-East war.
Executive Mosaic’s GovCon Index edge higher, gaining 0.53% to $142.99. The major U.S. indexes also started the week strong, buoyed by optimism on earnings season. Blue-chip Dow Jones rose 0.93% (+324.15 points), while the Nasdaq Composite and S&P 500 advanced 1.2% and 1.06%, respectively.
Executive Mosaic’s GovCon Index advanced 4.75% to $141.28 amid a raging Middle East war. Many expected the latest geopolitical tension to rattle the major indexes. Instead, the Dow Jones Industrial Average (+0.59%), S&P 500 Index (+0.63%), and the Nasdaq Composite (+0.39%) posted modest gains to start the week.
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.
