The benchmark S&P 500 hovered close to an all-time high on Wednesday as an Israel-Iran ceasefire appeared to be holding and investors watched Federal Reserve Chair Jerome Powell's congressional testimony for hints on the monetary policy path.

Oil prices climbed slightly on Thursday, supported by a larger-than-expected drop in U.S. crude inventories, signaling strong demand, while investors remained cautious over the fragile Iran-Israel ceasefire and

Wall Street's S&P 500 and Nasdaq indexes rose on Wednesday, hovering near a record peak, as a ceasefire between Israel and Iran appeared to be holding and investors