Wall Street rebounds after heavy losses

US stock indices rose on Tuesday after sustaining hefty losses yesterday.

S&P 500 tumbled below 4000 for the first time in over a year yesterday.

The losses came amid wild concerns about a recession in the global economy due to policies of rapid rate hikes.

Dow Jones declined as of 14:51 GMT to 32,238, while S&P 500 rose 0.1% to 3,995, as NASDAQ rose 0.4% to 11,669.