Stocks Opened Sharply Higher after Sell-off

U.S. stocks opened sharply higher on Tuesday, after two days sell-off. The Dow Jones Industrial Average lately jumped 310.80 points, or 1.32%, to 23,903.78. The S&P 500 added 26.81 points, or 1.05%, to 2,572.75. The Nasdaq Composite rose 80.54 points, or 1.19%, to 6,834.28.

Crude prices were under fresh pressure on Tuesday, in a third-straight session of losses as investors continued to fret over signs of rising U.S. supply. West Texas Intermediate crude dropped $1.54, or 3%, to $48.33 a barrel. February Brent tumbled $2, or 3.4%, to $57.57 a barrel.
The U.S. Federal Open Market Committee kicks off its latest meeting Tuesday. The Federal Reserve will announce its final monetary policy decision of the year at the conclusion of the meeting Wednesday.