The same sectors that led the market's decline last week are now, coincidentally, leading the market's rebound.
Materials and energy sectors have gained about 6 percent since their intraday lows on Oct. 15, when the S&P 500 fell to multimonth lows. Similarly, industrials have increased about 5 percent over the same period.
The rebound in materials was driven by Alcoa, LyondellBasell Industries and Martin Marietta Materials, up 18 percent, 17 percent and 15 percent, respectively, since the brunt of the selloff this month.
On an individual basis, Waters, Harley-Davidson, Phillips 66 and Carnival were among the top S&P 500 gainers on the day.
Medical equipment maker Waters lead the index higher after hitting an intraday high of $106.8 upon reporting better than expected quarterly earnings. It was last up about 9 percent on the day.
Harley-Davidson came in second place with gains of nearly 7 percent, rallying after it reported a decline in profit and revenue in the third quarter, but earnings topped expectations.
—CNBC's Giovanny Moreano contributed to this report.