Stocks Ended Sharply Higher, Dow Rose 430 Points

U.S. stocks ended sharply higher on Tuesday, marking a stabilization for stocks that started the week with an ugly jerk lower on Monday. The Dow Jones Industrial Average rose 431.72 points, or 1.77%, to 24,874.64. The S&P 500 added 41.38 points, or 1.57%, to 2,682.63. The Nasdaq Composite gained 111.36 points, or 1.58%, to 7,161.65.

Oil futures declined Tuesday, with expectations for another build in U.S. crude supplies feeding worries over rising global production. West Texas Intermediate crude for December delivery fell 86 cents, or 1.3%, to settle at $66.18 a barrel. December Brent crude declined by $1.43, or nearly 1.9%, to $75.91 a barrel.

Facebook Inc. (FB) reported revenue that missed Wall Street expectations and earnings that beat them. The social network reported third-quarter net income of $5.14 billion, or $1.76 a share, compared with $4.71 billion, or $1.59 a share, in the year-ago period. Revenue rose to $13.73 billion from $10.14 billion in the year-ago period.

Cheesecake Factory (CAKE) reported better-than-expected third-quarter earnings, but same-store sales growth was softer than Wall Street estimates. Earnings were came in above estimates at 62 cents per share versus consensus at 58 cents per share. Same-store sales grew at 1.5% which was below estimates of 1.9% growth.