Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session

Dow, S&P 500 manage record closing highs; Nasdaq falls in volatile session

By Reuters

Fri October 3, 2025 5:24 PM

In the third day of the shutdown, the resulting analysis paralysis is working to the market’s favor as, even though there was no jobs report today, the assumption of a continuing weakening labor force only bolstered the case for more rate cuts, another example of bad news taken as good news. An October cut is now virtually certain while the odds of a December cut are at a whopping 84%. All three indexes were up in the morning, the Dow up some 530 points by 1 pm, before declining to a much more modest close but still in the black.  

Wall Street closes with records as tech support offsets labor, shutdown uncertainties

Wall Street closes with records as tech support offsets labor, shutdown uncertainties

By Sinéad Carew and Niket Nishant

Thu October 2, 2025 4:53 PM  

Given the historical track record of government closures not really seriously impacting the stock market, plus the continuing optimism that there will be two more rate cuts this year, the market just keeping pushing up and up. Because of that, the Nasdaq had a better day. But the soft employment numbers we’ve been seeing for a while now plus the shutdown has at least kept the advances elsewhere modest in this already greatly overvalued market. The S&P for instance rose just 4 points but it was already at a 5-year record high so the 4 points sent it to still another record high, as did the Dow.  

Wall Street closes higher, boosted by healthcare as investors shrug off jobs data, US shutdown

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.