US market opened flat on Wednesday, following a brief dip in a steady rally. Investors are waiting for new information from Federal Reserve officials about the future of interest rates.
In the early hours of trading, the Dow Jones Industrial Average rose 46.3 points, or 0.10%, reaching 46,649.32. The S&P 500 increased by 9.3 points, or 0.14%, to 6,723.87, and the Nasdaq Composite gained 64.0 points, or 0.28%, reaching 22,852.32.
With the US government shutdown delaying important economic reports, traders are looking to Federal Reserve officials’ statements for guidance.
While excitement about artificial intelligence has kept stock prices up despite the shutdown, the rise of gold prices above $4,000 an ounce shows that more people are seeking safe investments due to concerns about