Technology stocks propelled Wall Street forward on Wednesday, buoyed by investor anticipation ahead of the Federal Reserve's policy meeting minutes release. With economic data scarce due to the ongoing government shutdown, market participants turned their focus to tech shares, particularly those related to artificial intelligence.

The Nasdaq, leading the major indexes, was boosted by AI megacaps. Meanwhile, sectors like energy and consumer staples underperformed, despite a dip in mortgage demand reported by the Mortgage Bankers Association.

Federal Reserve minutes indicated a cautious approach to potential interest rate cuts, with policymakers expressing concern over labor market risks and inflation. Financial markets largely anticipate a rate cut at the upcoming October policy meeting,

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