US close: Dow Jones little changed at end of session

At the close, the Dow Jones Industrial Average was up 0.03% at 34,323.05, while the S&P 500 was 0.19% stronger at 4,195.99 and the Nasdaq Composite saw out the session 0.59% firmer at 13,738.00.

The Dow closed 10.59 points higher on Wednesday after major indices closed in the red in the previous session.

Reopening plays were again in focus on Wednesday, with the likes of Royal Caribbean and Carnival trading higher, while Coinbase shares were also in the green after favoured cryptocurrency bitcoin climbed back above $40,000.

Ford stock accelerated gains after the automotive giant vowed to increase its investment in electric vehicles by $30.0bn through 2025, while Urban Outfitters jumped on the back of better-than-expected quarterly results overnight.

Goings on in Washington were also be drawing an amount of investor attention, with market participants looking out for an infrastructure compromise that could help rally the economy further as Senate Republicans were set to send Joe Biden a nearly $1.0trn counteroffer to his plan.

On the macro front, total mortgage applications declined 4.2% in May, according to the Mortgage Bankers Association, a marked turnaround from the prior month's 1.2% increase as a slight uptick in interest rates from 3.15% to 3.18% halted refinancing efforts and weighed on overall demand.