October 12, 2026

Corbett Road Wealth Management

5 minutes ago

5 min read

Key Dates/Data Releases

10/13: Existing home sales

10/14: Consumer Price Index

10/15: Producer Price Index, retail sales

10/16: Import and export prices, industrial production

The Markets (as of market close October 9, 2026)

A strong finish on Friday helped U.S. equities close last week on a positive note. Despite the end-of-week rally, stocks experienced significant volatility as investors swayed between optimism over potentially strong corporate earnings versus concerns over elevated Treasury yields and sticky inflation. Nevertheless, benchmark indexes posted notable gains, with the NASDAQ notching its fourth consecutive weekly gain, while the S&P 500 ended a seven-week losing streak. Last week's performance suggested that the rally extended beyond tech and AI stocks, which had carried the market for the past few weeks. This development was further evidenced by the performance of the market indexes, where gains were noted in all sectors except information technology and industrials. Treasury yields were also volatile last week, reaching their highest levels since 2002, only to fall at the end of the week. Crude oil prices dipped marginally last Friday after President Trump pledged not to attack Iran until after the midterm elections.

Stock Market Indexes

Chart reflects price changes, not total return. Because it does not include dividends or splits, it should not be used to benchmark performance of specific investments.

Last Week’s Economic News

Business activity in the service sector surged higher in September, rising at the fastest pace in over five years on the strength of a further sharp increase in new orders. Rising demand and improved optimism encouraged firms to take on workers at a rate not seen for over four years. However, the strong growth in the services sector was accompanied by substantial price pressures, with the pace of business cost inflation quickening to the fastest since November 2022.
The goods and services trade deficit was $105.6 billion in August, up $12.7 billion, or 13.7%, from $92.8 billion in July, revised. August exports were $315.2 billion, $4.5 billion, or 1.4%, more than July exports. August imports were $420.8 billion, $17.2 billion, or 4.3%, more than July imports. Year to date, the goods and services deficit decreased $138.2 billion, or 19.9%, from the same period in 2025. Exports increased $267.7 billion, or 11.8%. Imports increased $129.5 billion, or 4.4%.
For the week ended October 3, there were 197,000 new claims for unemployment insurance, a decrease of 2,000 from the previous week's level, which was revised up by 2,000. According to the Department of Labor, the advance rate for insured unemployment claims for the week ended September 26 was 1.1%, unchanged from the prior week's rate. The advance number of those receiving unemployment insurance benefits during the week ended September 26 was 1,716,000, an increase of 17,000 from the previous week's level, which was revised down by 2,000. States and territories with the highest insured unemployment rates for the week ended September 19 were New Jersey (2.0%), Washington (1.8%), California (1.7%), Massachusetts (1.7%), Puerto Rico (1.7%), Nevada (1.6%), Oregon (1.5%), Rhode Island (1.5%), New York (1.4%), Illinois (1.3%), and the Virgin Islands (1.3%). The largest increases in initial claims for unemployment insurance for the week ended September 26 were in Michigan (+739), Nevada (+167), Maryland (+105), North Dakota (+26), and Arizona (+19), while the largest decreases were in Hawaii (-1,172), New York (-819), Illinois (-625), Georgia (-543), and Texas (-506).
The national average retail price for regular gasoline was $4.354 per gallon on October 5, $0.111 per gallon below the prior week's price but $1.230 per gallon higher than a year ago. Also, as of October 5, the East Coast price decreased $0.143 to $4.147 per gallon; the Midwest price fell $0.182 to $4.109 per gallon; the Gulf Coast price decreased $0.013 to $3.911 per gallon; the Rocky Mountain price declined $0.069 to $4.417 per gallon; and the West Coast price ticked up $0.003 to $5.727 per gallon.

Eye on the Week Ahead

The latest inflation data is available this week. The Consumer Price Index for September is available mid-week. August saw prices increase 0.4% for the month and 3.4% over the last 12 months.

Data sources: Economic: Based on data from U.S. Bureau of Labor Statistics (unemployment, inflation); U.S. Department of Commerce (GDP, corporate profits, retail sales, housing); S&P/Case-Shiller 20-City Composite Index (home prices); Institute for Supply Management (manufacturing/services). Performance: Based on data reported in WSJ Market Data Center (indexes); U.S. Treasury (Treasury yields); U.S. Energy Information Administration/Bloomberg.com Market Data (oil spot price, WTI, Cushing, OK); www.goldprice.org (spot gold/silver); Oanda/FX Street (currency exchange rates).

News items are based on reports from multiple commonly available international news sources (i.e., wire services) and are independently verified when necessary with secondary sources such as government agencies, corporate press releases, or trade organizations. All information is based on sources deemed reliable, but no warranty or guarantee is made as to its accuracy or completeness. Neither the information nor any opinion expressed herein constitutes a solicitation for the purchase or sale of any securities, and should not be relied on as financial advice. Forecasts are based on current conditions, subject to change, and may not come to pass. U.S. Treasury securities are guaranteed by the federal government as to the timely payment of principal and interest. The principal value of Treasury securities and other bonds fluctuates with market conditions. Bonds are subject to inflation, interest-rate, and credit risks. As interest rates rise, bond prices typically fall. A bond sold or redeemed prior to maturity may be subject to loss. Past performance is no guarantee of future results. All investing involves risk, including the potential loss of principal, and there can be no guarantee that any investing strategy will be successful.

The Dow Jones Industrial Average (DJIA) is a price-weighted index composed of 30 widely traded blue-chip U.S. common stocks. The S&P 500 is a market-cap weighted index composed of the common stocks of 500 largest, publicly traded companies in leading industries of the U.S. economy. The NASDAQ Composite Index is a market-value weighted index of all common stocks listed on the Nasdaq stock exchange. The Russell 2000 is a market-cap weighted index composed of 2,000 U.S. small-cap common stocks. The Global Dow is an equally weighted index of 150 widely traded blue-chip common stocks worldwide. The U.S. Dollar Index is a geometrically weighted index of the value of the U.S. dollar relative to six foreign currencies. Market indexes listed are unmanaged and are not available for direct investment.

IMPORTANT DISCLOSURES

Corbett Road Wealth Management, LLC provides all investment advisory services through Concurrent Investment Advisors, LLC, an SEC Registered Investment Advisor. Corbett Road Wealth Management, LLC and Concurrent Investment Advisors, LLC are not affiliated companies.

Neither Concurrent Investment Advisors nor Corbett Road Wealth Management provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances. Please speak with your tax or legal professional.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable—we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.