(CNBC) — U.S. stocks rose on Tuesday, with equities regaining some footing after the prior day's rout that shaved more than 300 points off the Dow Jones Industrial Average.
"Today is just a bounce. I don't think there is really that much behind it, other than some bargain hunters stepping in," said Robert Pavlik, chief market strategist at Banyan Partners.
Starting with the manufacturing report out a China a few weeks ago, and continuing with trouble in other emerging-market countries including Turkey and Argentina, "put it all together, and it's a good excuse to sell some stocks and get this correction going," said Pavlik, who believes the decline did not end with Monday's rout.
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