Wall Street closes higher, boosted by healthcare as investors shrug off jobs data, US shutdown
By Sinéad Carew and Niket
Nishant
Wed October 1, 2025 4:38 PM
The groundwork had already been laid for a boost in healthcare stocks when Trump announced yesterday he had a deal with drugmakers to lower their prices for Medicaid. Today that modest boost was apparently all investors cared about as sentiment returned today to brush off the government shutdown and even ignore a weak payrolls report that showed 85,000 fewer jobs than forecast. To be fair, history is on our side. According to Deutsche Bank, the markets have historically been resilient during closures, the S&P rising in each of the last six shutdowns.
