Wall St mostly gains on US hopes

Obama to meet with lawmakers in hopes of resolving deadlock as markets absorb Fed minutes, Yellen nomination.

United States stocks closed mostly higher, rebounding from early-session losses, as news out of Washington eased investor worries about debt-ceiling negotiations, though many continued to play defence by cutting back on positions in recently top-performing stocks and sectors.

The Dow Jones Industrial Average rose 26.45 points, or 0.18%, to 14,802.98 points. On Tuesday, the Dow slid 160 points, or 1.1%, to a six-week low.

The S&P 500 index rose 0.95 points, or 0.06, to 1,656.40 points.

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