Benchmark indices on Wall Street had a wild session on Tuesday as the Dow Jones reversed a decline of nearly 600 points to end with gains. The S&P 500 and Nasdaq though ended the session in the red, although they too saw a marginally recovery from the session's lows.

In a single session, the Dow moved from an intraday low of 45,452 to an intraday high of 46,522, a recovery of over 1,000 points from the lows. The index again cooled off from the highs but ended with modest gains.

The recovery in the Dow Jones was supported by a surge in banking stocks, even as JPMorgan and Goldman Sachs underperformed despite results beating expectations. A surge in shares of Wells Fargo and Citigroup after their results, along with Morgan Stanley supported the Dow Jones.

Fed Chair Jerome Powell, in an ad

See Full Page