Stocks Edge Higher Amid Oil Price Rally

US stock futures inched higher on Wednesday as oil prices resumed their ascent. Despite some uncertainty, investors remained optimistic about corporate profits and future growth prospects.

The S&P 500 closed at 7,723.55 after a mixed day of trading, with the Dow Jones industrial Average reaching another record high of 54,349.12.

Big technology companies like Alphabet (Google's parent company) and Microsoft weighed down the Nasdaq index, which fell by 0.8% to 26,363.44.