Pre-Market Report – Wednesday 1 October: US markets push higher ahead of shutdown | BHP in focus
Description
Wall Street recorded another positive session despite markets preparing for a US government shutdown and delays to key economic data releases such as the jobs report on Friday. S&P 500 up 0.4%, Nasdaq rose 0.3%. Dow was choppy from open but found strength in the last hour. Closed near high, up 82 points. Broadly positive sector performance. Healthcare the best performer, boosted by Pfizer rising 6.8% after Trump said he’d cut all prices in Medicaid for lowest-income Americans and expected other pharmaceutical companies to follow suit. Industrials and Materials also contributed positively to gains. Energy followed oil down as +OPEC plans a supply hike, while Financials and Cyclicals rounded out the negative performers.
ASX to open flat. SPI futures down 5 points (-0.06%).
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