Wall Street’s major indices opened flat on Tuesday, following record-setting closes for both the S&P 500 and Nasdaq the previous session.

Investors are now turning their attention to a series of commentaries from Federal Reserve officials, hoping for insights into the central bank’s future policy direction.

In the early hours of trading, the Dow Jones Industrial Average increased by 5.9 points, or 0.01%, reaching 46,700.9. S&P 500 gained 5.9 points, or 0.09%, to start at 6,746.14, while the Nasdaq Composite rose by 30.7 points, or 0.13%, opening at 22,972.37.

Federal Reserve officials are scheduled to speak at a series of public events and conferences throughout October, including at major conferences and forums in Washington, D.C., Minneapolis, Philadelphia, St. Louis, Boston, and New York.

a betterThese remarks will give better picture regarding the future Fed policy decisions. Meanwhile, US market closed at an all time high on October 6.

S&P 500 and Nasdaq Composite hit fresh record highs, due to optimism surrounding artificial intelligence and solid investor sentiment, despite the ongoing federal government shutdown.

S&P 500 rose 0.4%, closing at 6,740.28, while the Nasdaq Composite climbed 0.7%, finishing at 22,941.67. A standout performer was AMD, which surged 23% following its partnership announcement with OpenAI, contributing significantly to the tech sector’s strength.

Meanwhile, the Dow Jones Industrial Average slipped by 0.1%, ending at 46,694.97, as weakness in some sectors offset broader market gains. The Russell 2000 also posted a 0.4% gain, closing at a new high of 2,486.35, reflecting continued strength in small-cap stocks.

Investor confidence remained robust, even as key economic data releases were delayed due to the government shutdown. The rally was largely driven by excitement around AI-driven deals, particularly in the tech space, with many investors betting on strong earnings from the sector and the likelihood of potential interest rate cuts later this year.

Despite the uncertainty surrounding the shutdown, the market’s resilience indicates a continued belief in the long-term growth potential of technology and AI innovations.