Market Brief – Monday 10/18/21

Stocks dipped in overnight trading but quickly found buyers in early trading. Stocks were unchanged in early trading. Treasury yields rose slightly in overnight trading and were initially pushed higher until reversing to head lower in early trading.

Industrial production fell -1.3% in September and slowed to +4.6% from this time last year. Manufacturing production fell -0.7% in September and the Capacity Utilization rate fell to 75.2% in September.

Stocks closed higher on the day and Treasury yields lower.