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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: