U.S. stock indexes experienced a slight rebound after a previous day’s decline, according to trading data.

The Dow Jones Industrial Average increased by 0.27% to reach 33,100.81 points, while the NASDAQ high-tech index rose by 0.02% to 12,345.72 points. The S&P 500 broad market index also gained 0.17% to reach 4,116.89 points.

Earlier in the day, the Dow Jones had experienced a 1% decrease, the NASDAQ was down by 0.2%, and the S&P 500 had fallen by 0.6%. Investors are closely monitoring the situation regarding the U.S. national debt.

On Tuesday, a meeting took place between President Joe Biden and congressional leaders. Following the meeting, the White House expressed optimism about resolving the issue but acknowledged that there are several complex matters that require further work. The U.S. administration also stated that the president instructed representatives from both parties to continue daily meetings to address the unresolved aspects of the national debt problem.

“While both sides reportedly remain far apart, we sense that genuine efforts are being made to avert a disaster with the government debt ceiling, as the ‘x’ date of June 1 is rapidly approaching,” said Win Thin, head of global currency strategy at Brown Brothers Harriman, as quoted by Bloomberg.

Earlier, we reported that Wall Street rallied, but statistical data, debt ceiling held back the rebound in stocks.