US equity markets climbed, buoyed by Senate Minority Leader Mitch McConnell saying the Republican party would support an extension of the federal debt ceiling into December - Dow rose +102-points or +0.30%, staging a 560-point U-turn to record its best intraday comeback since 21 December last year. The broader S&P500 gained +0.41%, recovering from an earlier session decline of -1.27%. Utilities (up +1.53%) and Consumer Staples (+1.00%) led nine of the eleven primary sectors higher. The Nasdaq settled +0.47% higher after falling as much as -1.20%, with Amazon.com Inc up +1.27%, Microsoft Corp +1.51% and chipmaker Nvidia Corp +1.22%. The small capitalisation Russell 2000 fell -0.60%.
