ASX to rise; US shutdown adds to economic uncertainty

Australian shares are set to open higher, tracking a more positive Wall Street, when healthcare stocks paced S&P 500 to a record high that led it to close above 6700 points for the first time.

Futures indicate that the S&P/ASX 200 is poised to add 45 points or 0.5 per cent at the start of trade. That’s after all three major US indices finished in the green, with the S&P 500 up 0.3 per cent to 6711.20. The tech-heavy Nasdaq Composite was lifted by Nvidia, which reset its record high and lifted its market cap above $US4.5 trillion. Intel rose 7.1 per cent after report it’s speaking with AMD about becoming a potential key customer.

Source: https://www.afr.com/markets/equity-markets/asx-to-rise-wall-st-edges-higher-20251002-p5mzfj