The Dow Jones Industrial Average closed up more than 250 points on Tuesday, led by a rebound in energy stocks.Image Credit: Google
As the market attempted to stabilize following a sharp sell-off in the previous session.Image Credit: Google
The S&P 500 also ended higher, with energy and financials leading the way.Image Credit: Google
The Nasdaq Composite, however, lagged behind the other two indexes, closing slightly lower.Image Credit: Google
Volatility remained elevated, as evidenced by the CBOE Volatility Index (VIX), which spiked more than 30 percent on Monday before settling around 25.Image Credit: Google
Investors continued to keep a close eye on developments in Washington, where lawmakers are working to finalize a tax reform bill.Image Credit: Google
Hopes for tax reform have been a major driver of the market's rally this year.Image Credit: Google
In economic news, data showed that consumer confidence rose to a 17-year high in November, while home prices continued to climb in September.Image Credit: Google
Meanwhile, crude oil prices rebounded after plunging more than 5 percent in the previous session.
West Texas Intermediate crude settled up 1.4 percent at $57.37 a barrel.