• The Dow Jones Industrial Average .DJI closed up 0.55 point to 21,409.07, the S&P 500 .SPX lost 1.9 points, or 0.08 percent, to 2,425.53 and the Nasdaq Composite .IXIC added 16.91 points, or 0.27 percent, to 6,193.31.
U.S. stocks ended little changed on Tuesday in a session marked by knee-jerk reactions to events in Washington that drove investors to first worry then hope about prospects for the Trump administration's economic agenda.
Stocks fell sharply in late-morning trading after emails disclosed by President Donald Trump's eldest son cited Russian support for his father's 2016 election campaign.
The emails referred to a top Russian government prosecutor offering the Republican Trump campaign damaging information about Democratic rival Hillary Clinton.
But the market recovered later as 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, signaling prospects of progress on the Republican agenda.
• Asian shares steadied on Wednesday after Wall Street managed to weather a fresh twist in the political controversy surrounding U.S. President Donald Trump's administration, while investors looked ahead to Federal Reserve Chair Janet Yellen's comments later in the day.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS ticked up 0.1 percent while Japan's Nikkei .N225 slid 0.3 percent.
• "Yellen's testimony is the biggest focus. I don't expect shares to move much in either direction ahead of that," said Hirokazu Kabeya, chief global strategist at Daiwa Securities.
Reference: Reuters
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