Executive Mosaic’s GovCon Index slipped 0.49% to $4,889.62, erasing Wednesday’s gain. Wall Street’s main indexes closed lower as investors turned bearish. The day’s highlight was the 11 basis points increase of the ten-year Treasury note to 4.298% in reaction to the higher-than-expected producer price index and core PPI in February.
Executive Mosaic’s GovCon Index, fresh from a seven-week winning streak, declined 0.91% to $4,893.55 Monday. Wall Street had a risk-off day, with the S&P 500 (-0.11%) and Nasdaq Composite (-0.41%) losing for the second consecutive session. The blue-chip Dow Jones Industrial Average (+0.12%) struggled but ended in positive territory.
Executive Mosaic’s GovCon Index is back in positive territory after rising 0.23% to $4,840.68. The Dow Jones Industrial Average (-0.25%) declined, while the S&P 500 (+0.17%) and Nasdaq Composite (+0.23%) posted modest gains. Still, Wall Street’s major indexes closed near record levels. Strong earnings growth by S&P 500 companies.
Executive Mosaic’s GovCon Index sustained momentum and rose 0.84% to $4,696.70 ($156.56 average). Wall Street had a good trading session as the S&P 500 (+0.82%) notched its eighth record close in 2024 and neared the 5,000 mark. The Dow Jones Industrial Average (+0.41%) and Nasdaq Composite (+0.95%) had solid gains.
Executive Mosaic’s GovCon Index dipped slightly from Thursday to end at $4,651.09 (-0.01%). However, the Dow Jones Industrial Average (+0.35%) and S&P 500 (+1.07%) set new records again, buoyed by solid job numbers in December. The Nasdaq Composite rose 1.74% thanks to the stellar gains of two tech giants.
Executive Mosaic’s GovCon Index rebounded in a broad market rally, rising nearly 1% to $4,651.64. The Nasdaq Composite popped 1.3% after sinking 2.23% on mid-week due to a Fed-induced selloff. It was also an excellent start to February for the Dow Jones Industrial Average (+0.97%) and the S&P 500 (+1.25%).
Executive Mosaic’s GovCon Index slipped 0.87% to $4,609.38 as major indexes hit session lows. Investors’ mood soured after the Feds held rates steady and dashed hopes of a March cut. The Dow Jones Industrial Average lost 317.01 points (-0.82%), while the S&P 500 (-1.61%) and Nasdaq Composite (-2.23%) fell sharply.
Executive Mosaic’s GovCon Index had a strong start for the week, rising 0.70% to $4,642.17. All major indexes remained positive, with the Dow Jones Industrial Average (+0.36%) closing above 38,000 for the first time and the S&P 500 (+0.22%) hitting a new all-time high. The tech-heavy Nasdaq Composite rose 3.2%.
Executive Mosaic’s GovCon Index slipped 0.39% to $4,650.38 to snap its five-day winning streak. U.S. stocks tumbled at the start of 2024, although the Dow Jones Industrial Average (+0.07%) gained slightly. The Nasdaq Composite (-1.63%) lost steam, while the S&P 500 (-0.57%) finished lower.
Executive Mosaic’s GovCon Index ended with positive returns, rising 0.57% to $4,635.67. The benchmark S&P 500 (+0.17%) registered its longest winning streak since 2017, while the Nasdaq Composite (+0.19%) ticked higher. Only the Dow Jones Industrial Average finished in the red, although it hit a record high during the week.
