U.S. stocks rose on Tuesday as a rebound in tech shares offset lingering concerns over trade.
The Dow Jones Industrial Average settled up 114 points as Apple and Exxon Mobil outperformed. The Dow also got a boost from Nike shares. The S&P 500 gained 0.4 percent as tech shares climbed, with energy shares also helping raise the index. The Nasdaq Composite advanced 0.6 percent as shares of some of the largest tech companies rose.
Apple gained 2.5 percent, snapping a four-day losing streak, after analysts at UBS raised their price target to $250 from $215, citing the potential growth of the company's services business. Apple is holding a big event at its new headquarters on Wednesday, where it's expected to announce several new products. Netflix and Amazon also rose 2.2 percent and 2.5 percent, respectively, while Twitter jumped 1.2 percent.
Overall, the S&P 500 tech sector rose 0.8 percent on Tuesday. But tech is still down 1.8 percent in September as social media companies like Facebook and Twitter face potentially increasing regulatory pressures.