Stocks are up and so is gold’s price

Wall Street got back to rising on Wednesday, while the price of gold pushed further past $4,000 per ounce.

- BY STAN CHOE

The Standard & Poor’s 500 climbed 0.6% a day after snapping a seven-day winning streak and set its latest all-time high. The Dow Jones industrial average edged down by 1 point, or less than 0.1%, while the Nasdaq composite rose 1.1% to its own record.

Trading has been relatively muted recently after the U.S. government's latest shutdown. The closure has delayed the release of several major economic reports that usually move the market. Stocks have been drifting without them or other signals to change expectations for cuts to interest rates by the Federal Reserve, one of the major reasons the stock market has surged since April.

Another force that has pushed the market to records is the frenzy around artificial intelligence technology.

Advanced Micro Devices jumped 11.4% to add to its rally from earlier in the week, when it announced an AI-related deal. AMD was the best performing stock in the S&P 500.

Right behind was Dell Technologies, which piled more gains onto its own rally from Tuesday, when it talked up its growth opportunities related to AI. Dell rose 9.1%.