07:26 AM EDT, 10/03/2025 (MT Newswires) -- The benchmark US stock measures were trending higher before the open Friday despite the federal government shutdown entering its third day.

The S&P 500, the Dow Jones Industrial Average and the Nasdaq rose 0.2% each in premarket activity. The indexes notched fresh closing highs on Thursday, stretching gains to a fifth session in a row.

The government shutdown began at 12:01 am ET on Wednesday after US lawmakers failed to agree on a key spending bill.

The shutdown could "hit" economic growth, CNBC reported Thursday, citing US Treasury Secretary Scott Bessent. "We expect a shutdown would lead to (about 0.1 percentage point) per week direct drag on quarterly annualized real GDP growth, but this should reverse once the shutdown ends," Morgan Stanley said in a Thursday report.

The shutdown is already affecting key economic data releases and is likely to delay the official September nonfarm payrolls report, which was originally scheduled for a Friday release.

White House Press Secretary Karoline Leavitt reportedly said Thursday that the number of federal workers who could be fired amid the shutdown was "likely going to be in the thousands." Earlier in the week, the Congressional Budget Office estimated that the shutdown could result in about 750,000 employees being furloughed each day.

President Donald Trump said in a social media post on Thursday that he will meet with Director of the Office of Management and Budget Russ Vought to decide which of the "many Democrat agencies" Vought recommends to cut, and whether or not those cuts would be permanent or temporary.

Treasury yields remained unchanged in premarket action, with the two- and 10-year rates at 3.55% and 4.09%, respectively.

Friday's economic calendar has the purchasing managers' index composite final report from S&P Global ( SPGI ) for September at 9:45 am, followed by the Institute for Supply Management's services index for the same month at 10 am. The weekly Baker Hughes oil-and-gas rig count posts at 1 pm.

Federal Reserve Bank of Dallas President Lorie Logan is slated to speak at 1:30 pm. On Thursday, Logan reportedly said the Fed needs to be "very cautious" regarding further reduction in interest rates. Fed Vice Chair Philip Jefferson's remarks are due at 1:40 pm.

Shares of Tesla (TSLA) rebounded 1.2% pre-bell after closing Thursday down 5.1%. The electric vehicle maker on Thursday reported higher third-quarter deliveries both annually and sequentially, exceeding Wall Street's estimates. Intel ( INTC ) and Advanced Micro Devices ( AMD ) gained 1% each.

West Texas Intermediate crude oil rose 0.6% to $60.85 a barrel before the opening bell. Gold nudged up 0.5% to $3,888 per troy ounce, while bitcoin slipped 0.3% to $120,541.