Pre-Market Report – Thursday 2 October: US markets creep higher | Gold record
Description
Wall Street recorded another positive session despite the US government shutdown and weaker-than-expected private payrolls data. S&P 500 up 0.3%, Nasdaq rose 0.4%. Dow fell at the open but quickly rebounded, occasionally rising but unable to maintain its strength. Closed with modest gains, mid-range, up 43 points. Mixed sector performance. Healthcare the standout again, up over 3.0%. Continued the rally from the previous day after news that Trump and Pfizer had cut a deal, lower prices for the Medicaid program in exchange for tariff relief. Utilities and Cyclicals also contributed positively to gains. Financials and Materials were the laggards, both down over 1.0%.
ASX to rise. SPI futures up 48 points (+0.54%).
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