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US Equity Indexes Scale New Peaks in Midday Trading
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US Equity Indexes Scale New Peaks in Midday Trading
Oct 3, 2025 10:04 AM

12:41 PM EDT, 10/03/2025 (MT Newswires) -- US equity indexes set new records in midday trading on Friday, as healthcare led the sector charts, and investors remained unperturbed about the ongoing partial federal government shutdown.

The S&P 500, which hit a record 6,750.85 earlier in the session, climbed 0.5% to 6,749.7. The Nasdaq Composite traded up 0.3% to 22,909.4, after touching a fresh all-time high of 22,925.428 intraday. The Dow Jones Industrial Average jumped 1.1% to 47,037.4, also setting a new record of 47,039.81 intraday.

All sectors except communication services, consumer discretionary, and consumer staples rose intraday, with healthcare and utilities leading the gainers. Healthcare is up 6.7% so far this week, followed by technology with a gain of 3.4%, according to data compiled by Finviz.

The government's partial shutdown continued for a third day, resulting in, among other things, a suspension of the release of the closely monitored non-farm payrolls data. Investors have historically viewed government shutdowns as economically damaging when the impasse lasts a longer time.

In economic news, the Institute for Supply Management's US services index fell to 50.0 in September from 52.0 in August, compared with expectations for 51.7 in a survey compiled by Bloomberg, indicating neither expansion nor contraction.

Most Treasury yields rose, with the two-year up 1.7 basis points to 3.57% and the 10-year rate climbed 1.8 basis points to 4.11%.

West Texas Intermediate crude oil futures rose 1.2% to $61.18 a barrel.

In company news, A US Army battlefield communications system being developed by tech firms Anduril and Palantir ( PLTR ) has been labeled a "very high risk" due to serious security vulnerabilities, Reuters reported Friday, citing an internal Army memo. Shares of Palantir ( PLTR ) slumped 4% intraday, among the worst performers on the S&P 500 and the Nasdaq.

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