Executive Mosaic’s GovCon Index declined 0.40% to $5,524.24 following new headwinds. Major U.S. stock, led by the tech-heavy Nasdaq Composite (-1.01%), lost ground due to sudden headwinds. The Dow Jones Industrial Average (-0.75%) and S&P 500 (-0.76%) retreated from record highs.

Executive Mosaic’s GovCon Index outperformed to start the week, climbing 0.74% to $5,546.14. It was all green at Wall Street, with the Dow Jones Industrial Average (+0.47%) and S&P 500 (+0.77%) posting new record closing highs for the second straight session. The Nasdaq Composite (+0.87%) almost hit a fresh record. 

Executive Mosaic’s GovCon Index made an about-turn, ending 1.21% higher at $5,592.18. Wall Street turned positive, buoyed by strong corporate earnings reports. The S&P 500 (+0.47%) and Nasdaq Composite (+0.28%) posted modest gains, while the Dow Jones Industrial Average (+0.79%) gained 337.28 points to 43,077.70 for a new record close.