Major Wall Street indexes opened higher today (Wednesday) following a series of continuous gains, as investors await remarks from Federal Reserve officials regarding the path of interest rates. The Dow Jones Industrial Average rose by 46.3 points, or 0.10%, reaching 46,649.32 points.

The S&P 500 increased by 9.3 points, or 0.14%, to 6,723.87 points. The Nasdaq Composite gained 64 points, or 0.28%, to reach 22,852.32 points. American technology stocks face increasing risks as investors seek to take profits from this year’s record gains, according to strategists at Citigroup.

The Nasdaq 100 index is the most vulnerable, having risen 46% from its April lows, fueled by growing enthusiasm for developments in artificial intelligence. This heavily tech-dependent index recorded its latest record high last Monday. Chris Montague’s team at Citigroup wrote in a note: “Profit-taking risks have risen rapidly across all markets, especially high in Nasdaq, which could hinder further gains,” according to Bloomberg, as reported by Al Arabiya Business.

Optimism about artificial intelligence continues to drive the stock market to new record levels, overcoming concerns such as the US government shutdown or ongoing economic threats from tariffs. The Nasdaq 100 index has broken its all-time high 30 times this year through last Monday, according to data compiled by Bloomberg. Last year, the benchmark index recorded 45 closing highs.