S&P 500 futures were near flat Wednesday as investors watched to see if the benchmark index could return to its all-time high. Futures tied to the broad index traded marginally higher, while Dow Jones Industrial Average futures slipped 12 points. Nasdaq 100 futures were up 0.1%. The S&P 500 jumped more than 1% in Tuesday’s session as oil prices fell on bets that the ceasefire between Iran and Israel could last. With that gain, the index now sits less than 1% off its record high. The Nasdaq Composite also popped more than 1%, while the Dow rallied more than 500 points. The Nasdaq 100 added 1.5% to end at a record closing level. Oil prices have cratered over the past two days, with West Texas Intermediate crude futures dropping 6% Tuesday. These declines have helped lift stocks. The Israel-Iran conflict marks the latest obstacle the market has seemingly shaken off this year. Traders hoped that a delicate ceasefire between the two nations — announced by President Donald Trump — would hold. Even as investors worry about variables like a resurgence of inflation tied to tariffs and the strength of the consumer, U.S. stocks have continually rebounded from dips over recent months. “The market continues to drive higher,” said Joe Terranova, senior managing director for Virtus Investment Partners, on CNBC’s “Halftime Report.” “I use the world ‘resiliency’; I will use that word over and over again because this is one of the most resilient markets that I have ever witnessed.” Investors will watch Wednesday for data on new home sales due in the morning. They’ll also monitor Federal Reserve Chair Jerome Powell as he speaks before the Senate Banking Committee. On the earnings front, traders will follow quarterly reports from General Mills, Paychex and Micron U.S. Treasury yields held steady on Wednesday as investors monitored the Israel-Iran ceasefire and awaited Federal Reserve Chairman Jerome Powell’s second day of testimony before Congress. The 10-year Treasury yield was flat at 4.294%, while the 2-year yield was up less than 1 basis point at 3.791%. The 30-year yield was little changed at 4.837%. Asia-Pacific markets traded mixed Wednesday, as investors weighed a ceasefire between Israel and Iran, as well as fresh commentary from the U.S. Federal Reserve. There is growing optimism that a ceasefire between Israel and Iran brokered by U.S. President Donald Trump will likely hold. Australia’s S&P/ASX 200 was flat, closing at 8,559.2. South Korea’s Kospi climbed 0.15% to end at 3,108.25, while the small-cap Kosdaq fell 0.34% to end the trading day at 798.21. Japan’s benchmark Nikkei 225 rose 0.39% to 38,942.07, while the Topix closed flat at 2,782.24. Hong Kong’s Hang Seng index climbed 1.22% to close at 24,471.02 and mainland China’s CSI 300 rose 1.44% to 3,960.07. Oil prices edged higher on Wednesday, finding some respite after plummeting in the last two sessions, as investors assessed the stability of a ceasefire between Iran and Israel. Brent crude futures rose 75 cents, or 1.1%, to $67.89 a barrel. U.S. West Texas Intermediate (WTI) crude gained 71 cents, or 1.1%, to $65.08. Gold steadied on Wednesday after falling in the previous session on improved risk appetite following a truce between Israel and Iran, while attention shifted to upcoming U.S. economic data. Spot gold was little changed at $3,326.89 per ounce. On Tuesday, prices had hit their lowest level in over two weeks. U.S. gold futures gained 0.2% to $3,341.40. “De-escalation of tension in the Middle East, and less need for safe-haven assets, was a reason for gold giving up earlier gains yesterday. Still, uncertainty about the future of Iran’s nuclear program is likely to keep investors still preferring to hold some gold allocation,” said Giovanni Staunovo, an analyst at UBS.