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.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.