U.S. stocks rose Tuesday as the major averages attempted to recover from three days of heavy selling that brought the S&P 500 to its lowest level in more than a year.
The Dow Jones Industrials hiked 320.02 points or 1%, to 32,565.72.
The S&P 500 recouped 57.36 points, or 1.4%, to 4,048.60.
The NASDAQ Composite recaptured 236.50 points, or 2%, to 11,859.75.
Technology stocks led the major averages higher. Microsoft, Intel, Salesforce, and Apple added more than 2% each. Amgen and UnitedHealth also rose along with energy company Chevron, which slipped during the previous session. Walmart and 3M lagged about 1%.
The technology sector attempted a comeback on Tuesday after suffering some of the biggest losses in recent weeks.
Investors have moved out of growth areas and into safe havens like consumer staples and utilities amid recessionary fears. All S&P 500 sectors moved higher on Tuesday.
On the earnings front, shares of Peloton Interactive plummeted 15% after reporting a wider-than-expected loss in the recent quarter. AMC's stock rose 2.8%, while Novavax dropped about 13% on the back of recent quarterly earnings.
Investors are looking ahead to earnings from Coinbase, Roblox, RealReal and Allbirds after the bell.
Treasury prices leaped, with yields dropping to 2.97% from Monday's 3.03%. Treasury prices and yields move in opposite directions.
Oil prices slumbered 39 cents to $102.70 U.S. a barrel.
Gold prices fell $1.90 to $1,856.70 U.S. an ounce.