U.S. stocks ended Tuesday’s session with solid gains as the oil market continues to dominate investor sentiment. The main indexes began the day higher but started to dip into negative territory that afternoon. By then, oil prices had plunged into multiyear lows.
The stocks were able to recover and started to rally into the close with both the healthcare and technology sectors leading in gains. Randy Frederick, the managing director of trading and derivatives at Schwab Center for Financial Research, has stated that the markets have apparently entered into a brand new phase: one where the investors are now selling rallies rather than buying the dips.
