U.S. Stocks End Sharply Higher Despite Falling Oil Prices

By Joseph AdinolfiMarketWatch Pulse

U.S. stocks closed higher Tuesday despite a decline in oil prices. The S&P 500 finished 30.66 points, or 1.6%, higher at 1,895.43. The Dow industrials finished 220.72 points, or 1.4%, higher at 16,194.56. The Nasdaq Composite finished 98.44 points, 2.3%, higher at 4,435.96. Analysts said investors regained interest in U.S. stocks after they became oversold, helping to break a strong correlation between stocks and oil prices that became established in recent weeks.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below