(CNBC) — U.S. stocks closed more than 1 percent higher in light volume trade Tuesday, as the tech sector led broad gains amid some stabilization in oil and commodity prices.
The S&P 500 climbed back into positive territory for 2015 as information technology gained about 1.3 percent to lead all 10 sectors higher. The major U.S. averages topped their 50-day moving averages.
"This isn't a high-conviction rally. It's the Facebook's and Amazons. It's the FANG stocks — Netflix and Google. There's not a lot of people around," said Lawrence McDonald, managing director, head of the U.S. Macro Strategies group at Société Générale.
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