After showing a substantial move to the upside in early trading on Tuesday, stocks gave back ground over the course of the trading session but managed to close mostly higher.
The tech-heavy Nasdaq jumped 162.19 points or 1.5 percent to a nearly two-month closing high of 11,358.41 percent, while the S&P 500 advanced 34.48 points or 0.9 percent to 3,991.73.
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