Dow Ended Up over 550 Points

U.S. stocks closed sharply higher on Tuesday as the main indexes bounced back from the worst selloff in more than two years. The Dow Jones Industrial Average gained 567.02 points, or 2.33%, to 24.912.77. The S&P 500 rose 46.20 points, or 1.74%, to 2,695.14. The Nasdaq Composite gained 148.36 points, or 2.13%, to 7,115.88.

Oil settled lower on Tuesday, weighed down by the recent stock-market rout, as expectations for further gains in U.S. crude supplies and production dragged prices to multiweek lows. March West Texas Intermediate crude fell 76 cents, or 1.2%, to end at $63.39 a barrel. Brent for April also gave up 76 cents, or 1.1%, to $66.86 a barrel.

Walt Disney Co. (DIS) on Tuesday reported more profit than expected in the holiday quarter. The company reported adjusted earnings of $1.89 a share, up from $1.55 last year, on revenue of $15.35 billion, up from $14.8 billion.