ended the day up 408 points, or 1.04% higher. The S&P 500 has recovered some of its recent losses and is now less than 5% from its record high set in July. In fact, all three major averages are back above their Aug. 2 closing level, where they were before the dramatic. Volatility has also eased since then, with the CBOE Volatility Index hovering below 20 on Tuesday after soaring above 65 last week..
— CNBC's Brian Evans, Jesse Pound, Amelia Lucas, Rohan Goswami, Jeff Cox, Jennifer Elias and Diana Olick contributed to this report.
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