05:10 PM EDT, 10/03/2025 (MT Newswires) -- The Dow Jones Industrial Average reached a new peak in a mixed session on Friday, wrapping up a winning week for Wall Street even as a US government shutdown looked set to continue into next week.

The Dow rose 0.5% to 46,758.3, while the S&P 500 ended just above the flatline at 6,715.8, both notching fresh record highs. The Nasdaq Composite fell 0.3% to 22,780.5, after advancing for five consecutive days. All the three indexes notched all-time highs in the previous session.

Most sectors ended in the green, led by utilities, while consumer discretionary saw the steepest drop.

For the week, the Nasdaq climbed 1.3%, while both the Dow and the S&P 500 added 1.1%.

The government shutdown started Wednesday after US lawmakers failed to agree on a key spending bill, delaying the highly-anticipated September jobs report that was scheduled to be released on Friday.

The Senate on Friday once again failed to pass stopgap funding bills, CNBC reported, as Democrat and Republican lawmakers remained in a deadlock over enhanced Obamacare subsidies.

"The risk of major policy and investment blunders keeps going up the longer this government data blackout goes on," Scott Anderson, chief US economist at BMO, said in a report on Friday. "The timing couldn't be much worse for a Federal Reserve that remains highly data-dependent and will be going into another important (Federal Open Market Committee) meeting on October 28 and 29."

Two surveys painted a mixed picture of the US services sector for September, with Institute for Supply Management data showing a surprise stagnation and S&P Global ( SPGI ) indicating slight deceleration in growth.

Employment remained in contraction last month amid delayed hiring efforts and difficulty searching for qualified staff, said Steve Miller, chair of the ISM's services business survey committee.

"With the (Fed) potentially having to deliberate with less data than usual, the importance of the ISM index has increased," TD Economics said. "This (ISM) report will help firm expectations for the (Fed) to continue cutting at its next meeting."

US Treasury yields were higher, with both the 10-year and two-year rates rising 3.7 basis points to 4.12% and 3.58%, respectively.

In company news, a US Army battlefield communications system being developed by Palantir Technologies ( PLTR ) and Anduril has been labeled a "very high risk" due to serious security vulnerabilities, Reuters reported, citing an internal Army memo. Palantir ( PLTR ) shares slumped 7.5%, the worst performer on the S&P 500.

UnitedHealth Group ( UNH ) shareholder Accountability Board called for the health insurance giant to separate the roles of board chair and chief executive. UnitedHealth ( UNH ) shares were up 1.8%, the top gainer on the Dow.

White Mountains Insurance ( WTM ) agreed to sell a controlling stake in Bamboo to funds advised by CVC Capital Partners in a deal that values the insurance distribution platform at $1.75 billion. White Mountains shares surged nearly 11%.

West Texas Intermediate crude oil was up 0.4% at $60.72 a barrel in Friday late-afternoon trade. Prices, however, were on course for their biggest weekly loss since late June.

The Organization of the Petroleum Exporting Countries and its allies are set for a virtual meeting this Sunday, with the market abuzz about the possibility of a larger crude output increase in November than that announced for October.

"Crude oil and products remain under pressure this week, and while the prospect for additional OPEC+ supply dominated, a prolonged (US federal government) shutdown may hurt prices for fears of shrinking demand from slower economic activity," Ole Hansen, head of commodity strategy at Saxo Bank, said in a report Friday.

Gold rose 1.1% to $3,910.30 per troy ounce, while silver climbed 3.4% to $47.96 per ounce.