Executive Mosaic’s GovCon Index average closed at $142.77 or 0.32% higher as Wall Street posted its best week in 2023 after a month-long sell-off. The Dow Jones Industrial Average rose 0.66%, the S&P 500 Index climbed 0.94%, and the Nasdaq Composite recorded its biggest one-week gain after advancing 1.38%.
Executive Mosaic’s GovCon Index joined the broad rally, closing slightly higher at $137.48 (+0.58%). The blue-chip Dow Jones gained 511.37 points (+1.58%) to register its best day since June 2, 2023, while the S&P 500 Index (+1.2%) stepped out of correction territory. Mega-cap tech stocks lifted the Nasdaq Composite (+1.16%).
Executive Mosaic’s GovCon Index advanced 0.17% to $138.45 amid a negative market sentiment. Big tech companies suffered sharp price declines leading the Nasdaq Composite (-1.76%) into enter correction territory. The S&P 500 Index (-1.18%) fell to its lowest level, while the Dow Jones Industrial Average also registered a loss (-0.76%).
Executive Mosaic’s GovCon Index stayed positive, gaining 0.13% to $138.21. However, the major indexes tumbled as Treasury yields rebound. The Nasdaq Composite (-2.43%) had its worst day since February, while the S&P 500 (-1.43%) fell below the 4,200 level. Blue-chip Dow Jones did better but still shed 105 points (-0.32%).
Executive Mosaic’s GovCon Index slipped 1.15% to $139.45, extending its slump and posting a weekly loss of 1.96%. The Dow Jones Industrial Average shed 0.86%, while the S&P 500 and Nasdaq Composite fell 1.26% and 1.53%, respectively. The 10-year Treasury yield crossed 5% briefly before settling at 4.912%.
Executive Mosaic’s GovCon Index remains in the green for the third consecutive session, gaining a modest 0.31% to close at $143.44. The benchmark S&P 500 was nearly unchanged, the Dow Jones edged higher and the Nasdaq Composite slipped. Market analysts say the bond market continues to pressure and drive stocks.
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 gained 1.17% to snap its six-day losing streak. There was panic at Wall Street initially when the stronger-than-expected jobs report came out, but a turnaround followed. The Dow Jones Industrial Average (+0.87%), S&P 500 Index (+1.18%) and Nasdaq Composite (+1.60%) ended the week in the green.
Executive Mosaic’s GovCon Index gained 0.1% to close at $135.54 on the last trading day of the month and quarter. All three major indexes had a good start but lost steam eventually. The Nasdaq Composite rose 0.14%, but the Dow Jones and S&P 500 fell 0.47% and 0.27%.
Executive Mosaic’s GovCon Index remained in the red for the fourth consecutive session, declining 0.79% to $133.81. Wall Street tumbled, led by the nearly 431-point drop (-1.29%) by the blue-chip Dow Jones Industrial Average. The bond sell-off continues, with the 30-year Treasury yield touching a high 4.95%.
