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Higgins Capital Management, Inc.

Market Week: The Markets (as of market close October 1, 2021)

A rally last Friday helped drive stocks generally higher last week.

The Dow, the Russell 2000, and the Global Dow were able to post gains, while the Nasdaq and the S&P 500 closed the week in the red. Declines in the market sectors were broad-based, with only energy (5.8%) climbing higher. Growth shares fared worse than value stocks, as evidenced by the dip in the tech-heavy Nasdaq. While the federal government averted a partial shutdown, no progress was made on raising the federal debt limit.

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