US markets rebounded from the steep falls of the previous session albeit pulling back from session highs in the closing 30-minutes of trading, buoyed by two senior Democrats (Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi) offering their support to President Trump for a government debt ceiling extension (to December 15)and funding plan - Dow up +54-points or +0.25%, rebounding from Tuesday's biggest single-session decline since August 17. The Energy and Consumer Discretionary sectors lifted the S&P500 +0.31%. The technology-centric NASDAQ added +0.28%. Ongoing caution around North Korea and another Hurricane (Irma, one of the strongest ever recorded Atlantic storms) bearing down on Caribbean (and likely to hit Florida later in the week) capped broader market gains. A senior North Korean diplomat reportedly warned that the rogue state is ready to send "more gift packages" to the US. Markets also pulled back late after Paul Ryan described the Democrats idea of a short-term increase in the debt ceiling as "ridiculous".
