Executive Mosaic’s GovCon Index started the week on a negative note, dipping 0.66% to $4,848.64. However, the main U.S. stock indexes rebounded, led by the Nasdaq Composite (+0.82%). The S&P 500 (+0.63%) ended its three-day losing streak, while the Dow Jones Industrial (+0.20%) rose slightly.
Executive Mosaic’s GovCon Index stayed positive at $4,911.75 after a modest 0.11% gain. However, it was a mixed close at Wall Street. The Dow Jones Industrial Average (+0.10%) gained, while the S&P 500 (-0.19%) and Nasdaq Composite (-0.54%) drifted lower as the ten-year Treasury yield rose 0.04% to 4.19% mid-week.
Executive Mosaic’s GovCon Index surged 1.46% to $4,639.99 and upstaged the major indexes. The Dow Jones Industrial Average inched lower (-0.31%), while the S&P 500 (+0.08%) and Nasdaq Composite (+0.02%) posted modest gains. Still, moderating inflation and corporate earnings could buoy the markets this week and after.
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 slips 0.47% to $144.31 amid the Big Three's extended rally. The benchmark S&P 500 and the tech-heavy Nasdaq Composite gained 0.16% and 0.07% following their powerful rallies the day before. Despite losing steam in the final hour, the blue-chip Dow Jones (+0.47%) closed with modest gains.
Executive Mosaic’s GovCon Index closed at $140.85 or 0.31% higher to stay positive for the third consecutive session. The Feds’ decision to keep interest rates steady caused bond yields to retreat, triggering a broad stock rally. All three major indexes finished strong, although a year-end rate hike is still possible.
Executive Mosaic’s GovCon Index finished lower, declining 0.79% to $141.06. US stocks fell as the ten-year Treasury seems on track to hit 5% soon. The Dow Jones Industrial Average shed 0.81%, while the S&P 500 (-0.85%) and Nasdaq Composite (-0.96%) also felt the pressure from the bond market.
