Dow jumps 600 points, S&P 500 adds 2.5% in comeback from worst weekly loss in 2 years; European markets close higher, following positive global sentiment 
Stocks rose Tuesday following a brutal week as investors assessed a more aggressive Federal Reserve and rising chances of a recession. 
The Dow Jones Industrial Average jumped 641.47 points, or 2.15%, to 30,530.25 in its best day for the month. The S&P 500 also climbed 2.45% to 3,764.79, making it the index’s best day in June. The Nasdaq Composite popped 2.51% to 11,069.30. U.S. stock markets were closed Monday for Juneteenth. 
Energy was the best-performing sector in the S&P 500, up 5.1%, following a surge in oil prices. Brent crude futures traded 0.46% higher at $114.65 per barrel. West Texas Intermediate, the U.S. oil benchmark, gained nearly 1% to $110.65 per barrel. 
Shares of Diamondback Energy jumped 8.2% and Exxon Mobil rose 6.2%. Shares of Schlumberger and Phillips 66 gained about 6%. Shares of Halliburton climbed roughly 5.9%. 
Mega-cap tech stocks also led gains. Shares of Google-parent Alphabet jumped 4.1%. Shares of Apple rose about 3.3% and Amazon gained 2.3%. 
Chip stocks posted gains with shares of Nvidia rising 4.3%, KLA jumping 4.9% and Advanced Micro Devices climbing 2.7%. 

The pan-European Stoxx 600 index closed up 0.36%, paring earlier gains of more than 1%. Autos climbed 1.5% to lead gains while utilities slipped 0.9%. 
Source: CNBC, Investing.com