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Higgins Capital Management, Inc.

MARKET WEEK: OCTOBER 11, 2021

Stocks closed last week generally higher, despite a weak jobs report.

A poor showing last Friday was not enough to prevent the benchmark indexes from closing the week mostly in the black. The Dow enjoyed its biggest weekly gain since June. The S&P 500 advanced, while the Global Dow ended the week up over 1.3%.

The Nasdaq eked out a gain, but the Russell 2000 dipped nearly 0.4%.

The yield on 10-year Treasuries gained 14 basis points to close the week at the highest level since June 4. Crude oil prices continued to rise, closing in on $80.00 per barrel.

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