Equities stateside got their mojo back mid-Tuesday after taking their lumps much of the past few days, due largely to renewed strength in tech issues.
The Dow Jones Industrials popped 464.64 points, or 1.4%, 34,467.56, earning back all of Monday's losses.
The S&P 500 progressed 65.02 points to 4,365.48
The NASDAQ Composite jumped 229.84 points, or 1.6%, to 14,485.33.
Mega-cap technology names were solidly in the green on Tuesday. Netflix rose 3.5%, Amazon gained 1.6% and Apple and Alphabet advanced more than 1% each. Facebook shares rose 2% following a 5% slide on Monday due to a whistleblower's claims and a site outage.
Energy stocks rose again as oil prices continued their climb. U.S. oil prices topped $79 per barrel on Tuesday. Exxon Mobil and ConocoPhillips each gained more than 1%. Chevron advanced 2.7%.
Stocks tied to the economic recovery, like cruise lines, airlines, retailers and banks, also rose alongside the broader market. American Airlines gained 1.8%, Norwegian Cruise Line popped 2.8% and Wells Fargo added 3%.
In Washington, lawmakers are still trying to agree to raise or suspend the U.S. borrowing limit and avert a dangerous first-ever default on the national debt. The Treasury Department warned last week that lawmakers must address the debt ceiling before Oct. 18 when officials estimate the U.S. will exhaust emergency efforts to honor its bond payments.
Still, some believe the outlook for equities remain robust after the weak September as the economy continues to rebound from the COVID crisis.
Prices for 10-year Treasurys sagged, raising yields to 1.53% from Monday's 1.48%. Treasury prices and yields move in opposite directions.
Oil prices gained $1.40 to $79.02 U.S. a barrel.
Gold prices lost $6.20 to $1,761.40 U.S. an ounce.