(CNBC) -- Stocks rallied on Tuesday, building on solid gains from the previous session as the market recovers from a steep sell-off that was sparked by worries over the coronavirus.
The Dow Jones Industrial Average closed 407.82 points higher, or 1.4%, at 28,807.63. The S&P 500 gained 1.5% to end at 3,297.59 while the Nasdaq Composite advanced 2.1% to a record of 9,467.97. The tech-heavy benchmark became the first of the major indexes to come back completely from the coronavirus-related fears.
Stocks that have been hit by fears of the coronavirus slowing the economy bounced on Tuesday. Apple jumped 3.3%. Nvidia and Micron rose more than 2.5% each. Companies directly impacted by the coronavirus, including Carnival, which confirmed on Monday that a former cruise-line passenger tested positive for the virus, rose. Carnival added 1.9%. American and United were both up by more than 5%.
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