Markets

Wall Street Review: Stocks Hit New Records Despite Government Shutdown

Technology, small-cap, and healthcare stocks led the rally, fueled by positive corporate headlines and the prospect of lower interest rates.
Wall Street Review: Stocks Hit New Records Despite Government Shutdown
A trader works on the floor of the New York Stock Exchange at the opening bell on Oct. 1, 2025. Timothy A. Clary/AFP via Getty Images
Panos Mourdoukoutas
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Stocks shook off concerns about the government shutdown and reached new highs this week, led by technology, small-cap, and health care shares on a flurry of positive corporate headlines and the prospect of lower interest rates.

The Dow Jones Industrial Average ended the week on Oct. 3 at 46,758, up by 1.1 percent for the week. The S&P 500 Index closed at 6,715, up by 1.09 percent. Both indexes closed near new records reached during the week.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”