(CNBC) — U.S. stocks ended mixed on Tuesday, with the Nasdaq Composite rallying back from stiff losses, as investor concern about the global economy ebbed.
Tuesday’s drop had “not much to do with what is going on in the states, there is no shift in fundamentals,” said Peter Cardillo, chief market economist at Rockwell Global Capital.
Rather, developments overseas gave investors “an excuse to take some money off the table,” he added.
