S&P Market News Update

U.S. stocks rallied into the close for the second-straight session on Tuesday, sending Dow industrials rocketing more than 300 points, as equities kept pace with surging crude-oil prices.

The S&P 500 SPX, +1.44%  closed 29.15 points, or 1.4%, higher at 2,050, with broad-based gains across all sectors. But energy stocks were the stars in Tuesdays trading, boosted by a big jump in oil prices. The mood on Wall Street was optimistic with cyclical stocks outperforming defensive sectors. Small-cap stocks rallied, with Russell 2,000 RUT, +1.83%   gaining 1.8% to 1,196.97.