Stocks are closing slightly higher on Wall Street Wednesday as investors recovered from an early stumble.

       The market turned around after Senator Mitch McConnell offered Democrats a short-term extension of the debt ceiling, relieving some of the uncertainty over a possible government default.

       The S&P 500, the Dow Jones Industrial Average and the Nasdaq closed higher. Energy prices retreated and bond yields edged lower.

       On Wednesday:

       The S&P 500 rose 17.83 points, or 0.4%, to 4,363.55.

       The Dow Jones Industrial Average rose 102.32 points, or 0.3%, to 34,416.99.

       The Nasdaq rose 68.08 points, or 0.5%, to 14,501.91.

       The Russell 2000 index of smaller companies fell 13.40 points, or 0.6%, to 2,214.96.

       For the week:

       The S&P 500 is up 6.51 points, or 0.1%.

       The Dow is up 90.53 points, or less than 0.3%.

       The Nasdaq is down 64.79 points, or 0.4%.

       The Russell 2000 is down 26.67 points, or 1.2%.

       For the year:

       The S&P 500 is up 607.48 points, or 16.2%.

       The Dow is up 3,810.51 points, or 12.4%.

       The Nasdaq is up 1,613.63 points, or 12.5%.

       The Russell 2000 is up 240.10 points, or 12.2%.