Wall Street shares rose on Wednesday in a tepid welcome to a compromise $US789 billion stimulus plan for the US economy as the market steadied after disappointment over a government bank rescue plan.
The Dow Jones Industrial Average added 51.61 points (0.65%) to 7,940.49 at the closing bell, coming off a hefty 381-point slide on Tuesday that sent the blue-chip index to a nearly three-month low.
The Nasdaq climbed 5.77 points (0.38%) to 1,530.50 while the broad-market Standard & Poor's 500 index increased 6.65 points (0.80%) to a preliminary close of 833.81.
The market regained its footing after a rout on Tuesday when Treasury Secretary Timothy Geithner failed to offer details on a much-anticipated rescue for the ailing financial sector.
Some analysts said traders may be looking a bit more calmly at the situation after Tuesday's panic.
During the session, members of congress struck agreement on a compromise $US789 billion stimulus plan, and prepared to vote as early as Thursday to send the package to President Barack Obama.
Delegates from the Senate and House of Representatives, picked to resolve differences between the chambers' rival versions of the economic legislation, were beaming as they announced Obama's biggest legislative success yet.
''The stimulus package that becomes law won't be perfect - it will be too small, suggesting that policymakers will have to revisit it - but it will help end the economic slide,'' said Mark Zandi, chief economist at Moody's Economy.com.