Executive Mosaic’s GovCon Index is back in negative territory, dipping 0.33% to $4,740.64. Wall Street extended its slump, aided by the weakness of tech stocks. The Nasdaq Composite (-1.15%) and the S&P 500 (-0.58%) registered their fourth straight losing session, while the blue-chip Dow Jones Industrial Average (-0.12%) edged lower.
Tag: Tetra Tech
April 2 Market Report: Executive Mosaic’s GovCon Index and Wall Street Slump on Heightened Volatility
Executive Mosaic’s GovCon Index had another down day, closing 0.88% lower at $4,886.33. Wall Street retreated from record territory, with the Dow Jones Industrial Average (-1.0%) and S&P 500 (-0.72%) posting their worst day in nearly a month. The tech-heavy Nasdaq Composite (-0.95%) slumped on the weakness of semiconductor stocks.
April 1 Market Report: Executive Mosaic’s GovCon Index Slips to Kick Off 2nd Quarter, Major Indexes Close Mixed
Executive Mosaic’s GovCon Index slipped 0.66% to $4,930.46 after a strong showing in March. The Dow Jones Industrial Average (-0.60%) and S&P 500 (-0.20%) fell from their record highs. Only the Nasdaq Composite (+0.11%) advanced to start April and a new quarter. Also, the ten-year Treasury yield rose to 4.319%.
March 4 Market Report: Executive Mosaic’s GovCon Index Outperforms, Major Indexes Slip
Executive Mosaic’s GovCon Index climbed 1.21% to $4,903.23 and outperformed Wall Street’s main indexes. The Nasdaq Composite (-0.41%) and S&P 500 (-0.25%) retreated from their all-time highs, while the Dow Jones Industrial Average closed lower (-0.25%). However, tech stocks with AI plays continued their rally from last week.
February 6 Market Report: Executive Mosaic’s GovCon Index Advances, GCI Stock Shines!
Executive Mosaic’s GovCon Index advanced 0.90% to $4,657.29 and returned to positive territory, with one constituent notching a record gain. Wall Street’s major indexes recovered from Monday’s selloff but with small gains. The benchmark ten-year Treasury note fell to 4.09% from its 11-day high of 4.177% in the previous session.
February 1 Market Report: Executive Mosaic’s GovCon Index and Wall Street Rebound from Fed-Induced Selloff
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%).
January 31 Market Report: Executive Mosaic’s GovCon Index and Major Indexes Skid, High Rates to Stay and March Cut Unlikely
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.
January 26 Market Report: Executive Mosaic’s GovCon Index Rebounds, Mixed Finish on Wall Street
Executive Mosaic’s GovCon Index rose 0.89% to $4,625.36, ending its losing streak. Only the Dow Jones Industrial Average (+0.16%) of the three major indexes advanced with a fifth-record close in 2024. The S&P 500 (-0.07%) lost steam, while the Nasdaq Composite fell (-0.36%) on the weakness of chip stocks.
January 16 Market Report: Executive Mosaic’s GovCon Index and Major Indexes Sink After Long Weekend
Executive Mosaic’s GovCon Index drops 1.5% to $4,571.41 after a strong comeback before the long weekend. Wall Street’s major indexes flashed red, opening the shortened trading week with losses. Despite its slip, the S&P 500 (-0.37%) remains close to its all-time high from two years ago.
January 16 Market Report: Executive Mosaic’s GovCon Index and Major Indexes Sink After Long Weekend
Executive Mosaic’s GovCon Index drops 1.5% to $4,571.41 after a strong comeback before the long weekend. Wall Street’s major indexes flashed red, opening the shortened trading week with losses. Despite its slip, the S&P 500 (-0.37%) remains close to its all-time high from two years ago.