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Higgins Capital Management, Inc.

Market Week 10/18/2021

Despite a shaky start, Wall Street enjoyed a strong week of gains.

A favorable start to corporate earnings season helped lift equities higher.

Each of the benchmark indexes posted solid weekly gains.

The dollar and Treasury yields slipped, while crude oil prices rose 3.5% to $82.25 per barrel.

Despite the generally positive week, investors will continue to keep an eye on economic data and rising prices.

Higher oil, gas, and other commodity prices could raise concerns about inflationary pressures and how they could drag down corporate profit margins.

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