06.02.201821:09:00UTC+00U.S. Equity Markets Rebound from Rout

Wall Street girded for a higher level of volatility in the coming days after an almost 2 percent rebound in U.S. stocks on Tuesday in the wake of the biggest one-day selloff in U.S. stock markets in over six years.

The Dow Jones Industrial Average edged up 567.02 points, or 2.33 percent, to 24,912.77. The Nasdaq Composite rose 148.36 points, or 2.13 percent, to 7,115.88. The S&P 500 also rallied 46.2 points, or 1.74 percent, to 2,695.14.

Technology, materials, and consumer discretionary were the best performing sectors on Tuesdays. The only major S&P groups to end in negative territory were the defensive sectors: utilities and real estate.

During the trading session, stocks swung from negative to positive after major indexes opened the session two percent down. The S&P 500 closed 6.2 percent down from its January 26 high.

Tuesday's volatile trading session saw the Dow swing over 1, 100 points from its low to its high and closed with the benchmark S&P 500 recording its best day since just before President Donald Trump won the elections in November 2016.

The steep declines in recent days marked a retreat that had been long expected by investors after the market notched record highs after record high in a relatively calm upward trend.