07:33 AM EDT, 10/10/2025 (MT Newswires) -- The benchmark US stock measures were inching higher before Friday's open as traders continue to await a resolution to the ongoing federal government shutdown.

The S&P 500 and the Nasdaq edged up less than 0.1% each in premarket activity, while the Dow Jones Industrial Average rose 0.1%. The indexes finished Thursday's trading session lower.

The government shutdown entered its 10th day on Friday as the Senate reportedly failed for the seventh time on Thursday to pass a funding bill. The stoppage has already delayed the release of key labor data, including the September jobs report and the weekly jobless claims bulletin.

The Bureau of Labour Statistics plans to release September's consumer price index report by the end of October, Bloomberg News reported, citing a Labor Department official with knowledge of the matter.

Treasury yields were down in premarket action, with the two-year rate retreating 1.8 basis points to 3.58% and the 10-year rate declining 3.9 basis points to 4.11%.

Federal Reserve Governor Michael Barr on Thursday underscored the possibility of tariffs-linked inflationary pressures becoming more persistent, urging policymakers to move cautiously on cutting interest rates further. Importers and companies are holding off on passing through tariff costs to customers, mostly by temporarily lowering profit margins, according to Barr.

Markets widely expect the Federal Open Market Committee to deliver a 25-basis-point rate cut later this month, following a similar move in September, according to the CME FedWatch tool.

Earlier in the week, minutes from the Fed's September monetary policy meeting showed that most participants indicated it would be appropriate to further lower interest rates later this year amid growing concerns around the labor market. A few policymakers saw merit in holding interest rates steady last month due to renewed inflation concerns, according to the document.

Friday's economic calendar has the preliminary University of Michigan consumer sentiment report for October at 10 am ET, followed by the weekly Baker Hughes oil-and-gas rig count at 1 pm. Chicago Fed President Austan Goolsbee is scheduled to speak at 9:45 am, while St. Louis Fed President Alberto Musalem speaks at 1 pm.

Shares of Qualcomm ( QCOM ) declined 2.4% pre-bell after China's State Administration for Market Regulation said it is investigating whether the company breached the country's antitrust laws over its recent acquisition of Israeli fabless semiconductor company Autotalks.

Levi Strauss (LEVI) fell 6.7% as the denim maker provided a downbeat fiscal fourth-quarter outlook amid tariff-related impacts, even though the apparel company's earnings unexpectedly increased in the prior three-month period.

West Texas Intermediate crude oil decreased 0.9% to $60.94 a barrel before the opening bell, as the Israeli military confirmed its ceasefire agreement with Hamas has come into effect.

Gold inclined 0.9% to $4,007 per troy ounce, while bitcoin gained 0.3% to $121,397.