NEW YORK, New York - U.S. stocks roared again on Tuesday with all the major indices notching up hefty gains.
"After falling more than 9% in September and extending its year-to-date decline to nearly 25% as of Friday's close, we think the S&P 500 was looking oversold," Mark Haefele, chief investment officer at UBS Global Wealth Management told CNBC Tuesday. "In addition, some of last week's selling pressure may ha