How major US stock indexes fared Wednesday

The Associated Press

Stocks are closing slightly higher on Wall Street Wednesday as investors recovered from an early stumble. The market turned around after Senator Mitch McConnell offered Democrats a short-term extension of the debt ceiling, relieving some of the uncertainty over a possible government default. The S&P 500, the Dow Jones Industrial Average and the Nasdaq closed higher. Energy prices retreated and bond yields edged lower.