Executive Mosaic’s GovCon Index advanced 1.69% to $139.85 and posted a 3.4% monthly gain. However, Wall Street had a dismal October. The Dow Jones (+0.38%) and S&P 500 (+0.65%) edged higher but suffered their first three-month losing streak. The Nasdaq Composite gained 0.48%, although it lost 2.8% for the month.
Executive Mosaic’s GovCon Index broke its four-day losing streak and Wall Street flashed green. Investors delighted in the batch of quarterly reports showing better profits and surpassing revenue expectations. The benchmark S&P 500 Index rose 0.73%, the Dow Jones Industrial Average gained 0.62%, and the Nasdaq Composite closed 0.93% higher.
Executive Mosaic’s GovCon Index slid 0.69% to $138.50, extending its slump to four consecutive sessions. The big three indexes started strong as bond yields eased, but the Dow Jones Industrial Average (-0.58%) and the S&P 500 (-0.17%) lost steam. Only the Nasdaq Composite (+0.27%) advanced to snap the losing streak.
