3 Years Ago It Was a Casting Agency. Now It Has $1 Billion in Drone Contracts.

Wall Street’s pause from its record-breaking rally didn’t last long. The S&P 500 climbed 0.6% on Wednesday, 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, while the Nasdaq composite rose 1.1% to its own record. Stocks benefiting from the artificial-intelligence boom continued to pull the market higher following a nearly relentless rise since April. Gold continued its stellar year and pushed further past $4,000 per ounce.