The US stock market closed higher on Tuesday after a disappointing performance yesterday.
The rise was supported by lower oil prices, helping to boost investor sentiment.
West Texas Intermediate (WTI) crude oil prices fell more than 1.7% after several tankers safely passed through the Strait of Hormuz.
The situation signals that the waterway will reopen soon.
In terms of major index performance, the Dow Jones rose 0.83%, the S&P 500 rose 1.01%, while the Nasdaq Composite rose 1.22%.
All 11 S&P 500 sectors including technology, consumer discretionary and communication services traded higher.
Meanwhile, Nvidia shares jumped 1.7% after CEO Jensen Huang said he expects orders worth $1 trillion for Nvidia's Blackwell and Vera Rubin systems through 2027.
Investors' attention will now turn to the Federal Reserve's (Fed) policy decision early Thursday morning as the central bank assesses the economic impact of the Iran war.
Earnings reports from three major companies, Lululemon, DocuSign and Oklo, are due Tuesday.
