Stock Market Today: Market Pendulum Swings Hard, And Into the Green

Apple and IBM helped the Dow stage a big bounce on Tuesday.

pendulum swinging
(Image credit: Getty Images)

Global COVID concerns ran just as hot today as they did 24 hours ago, but investors shrugged them off Tuesday to send the major indexes considerably higher in an across-the-board rebound from yesterday's plunge.

"Today's rally seems to be mostly driven by a buy-the-dip wave, along with oversold conditions in some sectors, as economic data and earnings commentary continue to drive market reaction for the time being," says Stefanos Bazinas, execution strategist at the New York Stock Exchange.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for, and the Managing Editor for before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.