Dow Jones rebounds after sell-off

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The Dow Jones Industrial Average closed up more than 250 points on Tuesday, led by a rebound in energy stocks. 

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As the market attempted to stabilize following a sharp sell-off in the previous session.

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The S&P 500 also ended higher, with energy and financials leading the way. 

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The Nasdaq Composite, however, lagged behind the other two indexes, closing slightly lower.

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Volatility remained elevated, as evidenced by the CBOE Volatility Index (VIX), which spiked more than 30 percent on Monday before settling around 25.

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Investors continued to keep a close eye on developments in Washington, where lawmakers are working to finalize a tax reform bill. 

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Hopes for tax reform have been a major driver of the market's rally this year.

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In economic news, data showed that consumer confidence rose to a 17-year high in November, while home prices continued to climb in September.

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Meanwhile, crude oil prices rebounded after plunging more than 5 percent in the previous session. 

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West Texas Intermediate crude settled up 1.4 percent at $57.37 a barrel.

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