Executive Mosaic’s GovCon Index popped 1.1% to close higher at $146.13. The Dow Jones advanced 1.47% to post a new high for 2023, while the S&P 500 rose 0.38%. Both indexes had 8.9% month-to-month gains. The Nasdaq Composite (-0.23%) fell, but still had the best monthly performance.
Executive Mosaic’s GovCon Index atoned for its loss on Thursday and edged modestly higher to $144.06 (+0.02%). Trading was relatively quiet, although Wall Street registered another winning (third) week. The S&P 500 Index (+0.13%), Nasdaq Composite (+0.08%), and the Dow Jones Industrial Average (+0.01%) had small gains.
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%).