NEW YORK, Sept. 6 (Xinhua) -- U.S. stocks wavered and ended higher on Wednesday, as Wall Street rebounded from a big sell-off in the previous session.
The Dow Jones Industrial Average was up 54.33 points, or 0.25 percent, to 21,807.64. The S&P 500 rose 7.69 points, or 0.31 percent, to 2,465.54. The Nasdaq Composite Index gained 17.74 points, or 0.28 percent, to 6,393.31.
The Dow Jones Industrial Average plummeted 234.25 points, or 1.07 percent, to close at 21,753.31 on Tuesday, posting its worst performance since Aug. 17.
U.S. President Donald Trump on Wednesday reached a deal with Democratic leaders to raise the federal government's debt limit and fund the government through December 15, as part of a package that includes disaster aid for Hurricane Harvey victims.
Traders also paid attention to the comments from Federal Reserve Governor Lael Brainard and assessed the possibility of another interest rate hike later this year.
Brainard said Tuesday that the central bank should be cautious in raising rates while inflation remained weak.
In other central bank news, Stanley Fischer, Vice Chairman of the Federal Reserve, on Wednesday submitted his resignation for "personal reasons," adding another vacancy in the Fed's seven-member board.
Fischer's resignation as Vice Chairman and a member of the Fed board of governors will be effective on or around Oct. 13, 2017, months before his term expires in June 2018, the central bank said in a statement.
Meanwhile, investors digested the newly-released Federal Reserve's Beige Book, which showed that the U.S. economy expanded at a modest to moderate pace in July through mid-August.
Overseas, the European Central Bank (ECB) is set to meet later this week.
"The ECB is widely expected to start prepping markets for ending its QE program tomorrow," said Chris Low, chief economist of FTN Financial, on Wednesday. Enditem
