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Higgins Capital Management, Inc.

Market Week: December 6, 2021

As of market close December 3, 2021.

Wall Street could not maintain its early momentum, closing the week down.

Lower-than-expected employment, new reports of Omicron variant cases, and a hawkish stance from Federal Reserve Chair Jerome Powell led to uncertainty in the market. Each of the benchmark indexes ended the week lower, led by the small caps. Treasury yields fell 14 basis points to 1.34%.

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