US stock futures edge lower after Nasdaq closes at fresh record

US stock index futures edged lower early Wednesday, a day after the Nasdaq Composite climbed to a new all-time intraday high and closed at a record for the session, according to CNBC.

The tech-heavy index's advance on Tuesday extended a rally that has lifted major US benchmarks through much of the year. Futures tied to the Dow Jones Industrial Average, the S&P 500 and the Nasdaq 100 slipped in early trading, suggesting a pause after the prior day's gains.

Tuesday's record close for the Nasdaq came amid continued investor appetite for technology and growth stocks, a trend that has characterized much of this year's trading. Market participants are watching for fresh economic data and corporate earnings that could influence the next moves for major indexes.

Analysts note that record-setting sessions are often followed by short-term pullbacks as traders lock in gains, even as the broader trend for US equities has remained upward for much of the year.

Investors are continuing to track economic indicators and Federal Reserve commentary in the sessions ahead for signals on the future path of interest rates, a key factor influencing equity valuations.