The US markets regained ground following previous session sell-off and ended in green on Tuesday as some traders looked to pick up stocks at relatively reduced levels. A rebound in software companies and chipmakers from Monday’s rout lifted the broader markets. Traders took support with a report released by the Conference Board showed an improvement in U.S. consumer confidence in the month of February. The Conference Board said its consumer confidence index rose to 91.2 in February from an upwardly revised 89.0 in January. The street had expected the index to jump to 88.0 from the 84.5 originally reported for the previous month.

On the sectorial front, Semiconductor stocks helped lead the move back to the upside, with the Philadelphia Semiconductor Index jumping by 1.5 percent to a new record closing high. Chipmaker Advanced Micro Devices (AMD) turned in one of the sector's best performance, surging by 8.8 percent. The rally by AMD came after the company announced a 6-gigawatt agreement to power Meta's (META) next generation of AI infrastructure across multiple generations of AMD Instinct GPUs. 

Dow Jones Industrial Average added 370.44 points or 0.76 percent to 49,174.5, Nasdaq increased 236.40 points or 1.05 percent to 22,863.682 and S&P 500 rose 52.32 points or 0.77 percent to 6,890.07.