After Monday's more depressing declines, the Dow Jones industrial average rose 0.4 percent on Tuesday, the broad S&P 500 index rose 0.3 percent and the tech-heavy Nasdaq composite index rose 0.6 percent.
The stock market was helped by the fact that six of the very index-heavy technology companies, collectively known as "the magnificent seven" – all on the list of the world's ten most valuable listed companies – had a good day.
Only electric car manufacturer Tesla fell, 0.2 percent, after investor Michael Burry – known for predicting the 2008 housing crash – said the stock is “ridiculously overvalued,” according to the Bloomberg news agency.
Chip giant Intel climbed 8.7 percent after news that the company will invest the equivalent of approximately two billion Swedish kronor in its operations in Malaysia.
Troubled aircraft manufacturer Boeing said it could return to profit next year and surged 10.2 percent.
The cryptocurrency bitcoin climbed 5.5 percent to $91,080, after a long period of declines. But it is still far from the record of just over $126,000 in early October.
Fawad Razaqzada, an analyst at financial services provider Forex.com, says the day was generally characterized by stabilization.
The lack of major news certainly played a role in the calmer tone, he tells Bloomberg.
