The Dow Jones Industrial Average increased 371.65 points, or 1.06 percent, to 35,462.78. The S&P 500 increased 37.67 points, or 0.84 percent, to 4,521.54. The Nasdaq Composite Index was up 178.79 points, or 1.28 percent, to 14,194.46.
Eight of the 11 primary S&P 500 sectors ended in green, with materials, consumer discrepancy and financials up 1.57 percent, 1.5 percent and 1.38 percent, respectively, leading the gains. Energy and real estate fell 2.12 percent and 0.8 percent, respectively, leading the laggards.
The CBOE VIX Index, a popular measure of the market's expectation of volatility with the S&P 500 index in the next 30 days, decreased 6.21 percent to 21.44 on Tuesday.
U.S. stocks finished firmly higher on Tuesday as investors emerged to buy the dip in equities and digested a flurry of corporate updates, said Wells Fargo Advisors.
The clients of Bank of America (BofA) posted 5.2 billion U.S. dollars of net buying of U.S. stocks last week, the 9th largest weekly inflow since the date was compiled post 2008, according to data issued by BofA Global Research on Monday.
Treasuries extended their recent rout, with the yield on the 10-year Treasury up 4 basis points to 1.96 percent, its highest level since late 2019, ahead of the auction of 37 billion dollars worth of 10-year Treasury on Wednesday, noted Wells Fargo Advisors.
Investors also keep an eye on U.S. consumer price index in January which will be released on Thursday morning.
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