Stocks bounced back in a big way on Tuesday, with all three major indexes logging their first win in four sessions. The Dow added 560 points, thanks in part to blowout earnings from retail giant Nike (NKE). The S&P 500 and tech-heavy Nasdaq also notched sizable wins of their own, as investors returned to the battered travel and entertainment sectors.

President Joe Biden addressed the nation today, as infections climb ahead of the holidays, urging Americans to get their booster shot while assuring the public that the country was not reverting back to 2020 lockdown measures.

The Dow Jones Average (DJI - 35,492.70) rose 560.5 points or 1.6% for the day. Nike (NKE) led the gainers, adding 6.2%, while Merck (MRK) paced the laggards with a 1.1% fall.

The S&P 500 Index (SPX - 4,649.23) added 81.2 points, or 1.8% for the day. Meanwhile, the Nasdaq Composite (IXIC - 15,341.09) jumped 360.1 points or 2.4% for the day.

Lastly, the CBOE Volatility Index (VIX - 21.01) shed 1.9 points or 8.1% for the day.

Gold Prices Settle Lower as Stocks Bounce Back

Oil prices settled higher on Tuesday, as black gold staged a mini-comeback from its omicron-induced selloff, and traders pushed their Covid-19 anxieties to the side. As a result, February-dated crude jumped $2.65, or 3.9%, to finish at $71.26 per barrel.

Gold prices reversed earlier gains to settle lower, notching a second-straight loss and moving away from the psychologically significant $1,800 level. Contributing to the safe haven metal's pullback was the rising 10-year Treasury yield. In turn, February-dated gold shaved $5.90, or 0.3%, to close at $1,788.70 per ounce.