NEW YORK >> The S&P 500 eked out a record closing high in a volatile session today, with interest rate-cut expectations holding up as the U.S. government shutdown went on for a third day.

The Dow also posted a record closing high, but the Nasdaq ended lower.

The S&P 500 technology sector eased, with shares of Applied Materials declining 2.7% after the chip-equipment maker late Thursday forecast a $600 million hit to fiscal 2026 revenue.

Shares of Tesla were 1.4% lower, while utilities rose 1.2% and led gains among S&P 500 sectors.

The U.S. nonfarm payrolls report for September was due for release today, but was not published due to the government closure. Investors were still able to digest a survey by the Institute for Supply Management, which showed the services employment index cont

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