Record Highs, $55 B Deals & Data Drama: Wall Street’s Wild Week (Oct 4–5, 2025)
Stocks charged into October with momentum, even as Washington’s budget impasse partially shut down the government. With federal agencies furloughed, Friday’s closely watched jobs report was no-show, but markets barely blinked. All three major indexes climbed more than 1% on the week, extending a string of gains reuters.com news.futunn.com. In fact, Wall Street set new records: the S&P 500 and Dow Jones Industrial Average each closed at all-time highs for three consecutive days investopedia.com. The Dow briefly topped the 47,000 mark for the first time ever newsnow.com reuters.com, and the S&P 500 pushed above 6,750 intraday reuters.com. The tech-heavy Nasdaq also touched a record before a slight pullback reuters.com. Despite the lack of official data, investors remained upbeat. “Wall Street did not seem bothered” by the missing jobs report, Reuters noted reuters.com. Federal workers may have been furloughed, but the bulls on Wall Street were hard at work. Traders instead focused on the broader narrative of a resilient economy and the prospect of lower interest rates ahead. As evidence of that optimism, economically sensitive sectors like financials actually jumped – the S&P 500’s Financials sector had a “powerful surge,” helping propel the index to unprecedented highs amid what one outlet
