NEW YORK (AP) - Some signs of movement on the budget stalemate in Washington have helped slow Wall Street's slump.
The Dow and the S&P 500 closed with small gains Wednesday. The bluechip index rose 26 points, or 0.2 percent, to close at 14,803, while the S&P gained a point, or less than 0.1 percent, to finish at 1,656. However, the Nasdaq fell 17 points, or 0.5 percent, to 3,677.
President Barack Obama is making plans to talk with Republican lawmakers at the White House today as pressure builds on both sides to resolve their deadlock over the federal debt limit and the partial government shutdown before the U.S. Treasury's borrowing authority is exhausted next week.
The stock market's losses accelerated at the start of this week as the shutdown dragged on and both the White House and House Republicans appeared to be coming more entrenched in their positions. The S&P 500 has fallen about 4 percent since climbing to a record on Sept. 18.