Wall St. recovers from drop, helped by Senate recess delay

The Dow and Nasdaq were higher in late afternoon trading on Tuesday, reversing earlier losses as the Senate`s announced delay to its August break gave some relief to investors worried about the progress of the Republican agenda.

U.S. Senate Republican leader Mitch McConnell announced a two-week delay in the Senate`s August recess to provide more time to work on legislation and approve nominees.

"It says to me there`s a commitment to make some of the changes that the markets would like to see," Brad McMillan, chief investment officer for Commonwealth Financial in Waltham, Massachusetts.

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