The strong open came a day after the market entered a "correction" for the first time in two years.
The Dow Jones Industrial Average climbed more than 400 points Monday, extending the recovery that began Friday after the stock market's lowest performing week in two years.
Clothing brand Guess's stock (-5.25 percent) continues to plummet after supermodel Kate Upton accused co-founder Paul Marciano of sexual misconduct.
The benchmark 10-year US note yield rose to a four-year high on Monday before trading at 2.858 percent.
The benchmark S&P 500 finished with growth of 1.4% to 2,656.00 points, and the raw materials and information technology sectors performed best. The Dow climbed 410.37 points, or 1.7 percent, to 24,601.27. As a result, the investors have their eyes on the bond market regarding interest rates with the yields dipping during the morning trade, Tuesday. It earlier touched a new four-year high above 2.9%.
Monster Energy NASCAR Cup Series - Speedweeks
Alex Bowman kicked off Speedweeks at Daytona International Speedway on Sunday by winning the pole for this year's Daytona 500 . This is Hendrick's fourth straight pole at the Daytona 500. "Speed-wise we've been off a bit here", Truex said.
The Dow was up 488 points, or 2 percent, to 24,678. Trump also unveiled a plan to spend $1.5 trillion on the country's ailing infrastructure over the next decade. "Nevertheless, the worst is likely not over for this week for the simple reason that we have U.S. CPI sitting as a mammoth event risk this week", said Pan, referring to the Wednesday release of U.S. consumer price index data for January.
Retailers, apparel makers and other companies that focus on consumers made some of the largest gains, a sign that investors expect shoppers to keep spending and the economy to keep growing.
OIL: Benchmark U.S. crude fell 29 cents to $59.00 per barrel in electronic trading on the New York Mercantile Exchange.
Oil prices fell to their lowest in seven weeks amid fears of rising global supplies after Iran announced plans to increase production and USA crude output hit record highs. The Dow has had two 1,000-point drops this week. Disney agreed to buy Fox's movie and television studios and some cable and worldwide TV businesses in December for $52.4 billion.
Bond prices didn't move much. The yield on the 10-year Treasury was 2.858 percent on Monday, compared with 2.829 on Friday. Heating oil fell 2 cents to $1.84 a gallon. Silver lost 20 cents, or 1.2 percent, to $16.14 an ounce. Natural gas slid 3 cents to $2.55 per 1,000 cubic feet.
The gold prices rose because of the depreciation of the dollar. The euro fell to $1.2276 from $1.2392. Hong Kong's Hang Seng index added 1.4 per cent to 29,884.06 and the Shanghai Composite Index advanced 1.0 per cent to 3,185.86.