U.S. stocks closed broadly higher Tuesday, reversing a big portion of their losses from a sharp sell-off the day before.
The gains snapped a two-day skid in the bechmark S&P 500 index driven by fears that the spread of a new virus in China could hamper global ecomomic growth. Technology stocks rose the most. Banks and other financial companies also climbed, along with communications stocks.
The S&P 500 index rose 32.61 points, or 1%, to 3,276.24.
The Dow Jones Industrial Average gained 187.05 points, or 0.7%, to 28,722.85.