(NEW YORK) -- After two days of market uncertainty because of the Brexit, Wall Street jumped back Tuesday with the Dow gaining triple digits.
The Dow soared 269.48 (+1.57 percent) to close at 17,409.72.
The Nasdaq climbed 97.42 (+2.12 percent) to finish at 4,691.87, while the S&P gained 35.55(+1.78 percent) to close at 2,036.09.
Crude oil jumped almost 4 percent with prices hitting $48 a barrel.
Brexit: Tuesday's rebound points out that investors in the U.S. have now relaxed after the initial uncertainty surrounding the U.K.'s decision to leave the European Union. After two days of sharp declines for Wall Street that wiped out this year's gains, investors think that the U.K.'s exit from the EU will now be more drawn out and may explain Tuesday's jump.
Volkswagen: The latest for the automaker's emissions scandal; Volkswagen has agreed to pay up to $15 billion to settle claims that it intentionally misled regulators and consumers, an attorney for the plaintiffs in the case announced Tuesday morning. Owners will have the option of having their cars bought back or repaired with cash compensation between $5,100 to $10,000.
Ikea: At least six children have been crushed to death and dozens injured from a dresser sold by popular Swedish furniture retailer Ikea. Ikea has already stopped selling the dressers in its Malm line, and said Monday that it would offer refunds.
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