US stocks close higher on Tuesday as oil steadies, Treasury yields fall

Major US stock indexes closed higher on Tuesday as crude oil prices stabilized and US Treasury yields declined, offering some relief from investor concerns that have weighed on markets in recent weeks and allowing focus to shift to the upcoming third-quarter earnings season.

The S&P 500 rose 46.52 points, or 0.60%, to finish at 7,820.47. The tech-heavy Nasdaq Composite gained 127.43 points, or 0.46%, closing at 27,604.74.

The Dow Jones Industrial Average added 263.67 points, or 0.49%, ending the session at 51,531.57.