U.S. stocks rose on Tuesday following the stock market's biggest sell-off in months due to investor fears surrounding the coronavirus.

Here's how the market closed Tuesday:

S&P 500 Index (SPY  ): +1.01% or +32.62 points to 3,276.25

Dow Jones Industrial Average (DIA  ): +0.66% or +187.05 points to 28,722.85

Nasdaq Composite Index (QQQ  ): +1.43% or +130.37 points to 9,269.68

In Major Stock News, Dow component 3M (MMM  ) sunk more than 5% on Tuesday following disappointing fourth-quarter results. 3M has announced a new round of job cuts and increased production of its respiratory masks due to the coronavirus outbreak. Similarly, Harley-Davidson disclosed unfavorable fourth-quarter results which caused the company's share price to drop. Several stocks that have been affected by investor fears surrounding the coronavirus including Las Vegas Sands (LVS  ), MGM Resorts (MGM  ), Carnival Cruise Lines (CCL  ), Norwegian Cruise Lines (NCLH  ), and Royal Caribbean (RCL  ) all rebounded on Tuesday.

In U.S. Economic News, the Conference Board's consumer confidence index increased to 131.6 in January from the upwardly revised 128.2 reading in December. This reading was far above consensus economics expectations. According to senior director of economic indicators at the Conference Board Lynn Franco, the increase was "driven primarily by a more positive assessment of the current job market and increased optimism about future jobs."

In Stock Sector News, all 11 sectors posted positive performance gains as the market recovers from virus fears of the past few sessions. Those gains include: Information Technology +1.87%, Communication Services +1.18%, Financials +1.13%, Consumer Discretionary +0.98%, Materials +0.98%, Industrials +0.63%, Health Care +0.48%, Energy +0.41%, Utilities +0.37%, Real Estate +0.30% and Consumer Staples +0.12%.

Lastly, in Commodity and Currency News, crude oil prices leveled out from their steep drops from the last couple of session, though they are still falling. West Texas Intermediate (USO  ) declined over -0.10% and Brent Crude (BNO  ) only dropped -0.08%. Gold (GLD  ) prices declined Tuesday as investors begin to see more market promise; gold prices declined almost -0.10%. Finally, the U.S. Dollar continues to make positive gains into Tuesday, with the DXY Index increasing +0.02%.