Wall Street gains ground after multi-session losses

US stock indices gained ground on Tuesday to regain recent heavy losses which pushed them to two-year lows. 

The losses came after aggressive policy tightening by global central banks, which threaten to send the global economy into recession.

Otherwise, Fed officials expressed optimism in managing to stave off recession for the US economy.

Dow Jones rose 0.7%, or 216 points to 29,477, while S&P 500 rose 1% to 3,690, as NASDAQ climbed 1.4%, or 150 points to 10,951.