(CNBC) — U.S. stocks closed higher Tuesday, helped by some stabilization in oil prices and recovery in hard-hit areas of the market this year.
The Dow Jones industrial average closed up about 166 points after earlier gaining nearly 200 points in afternoon trade. Caterpillar rose nearly 5 percent to contribute the most to gains. The stock is one of the worst performers in the Dow year-to-date, down more than 20 percent.
The Dow transports closed up about 1.5 percent as Ryder System led nearly all constituents higher.
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