Stocks Rally on Wall Street as Oil Prices Edge Higher

Stocks on Wall Street continued their upward trend on Wednesday, with the S&P 500 rising 0.6% to add to its record set a day earlier.

The Dow Jones Industrial Average jumped 381 points, while the Nasdaq composite gained 0.4%. The Walt Disney Co. led the charge after reporting strong quarterly results driven by 'Toy Story 5' and U.S. theme park sales.

Meanwhile, oil prices edged higher with Brent crude rising 1% to just over $80 a barrel.