Oil prices broke a three-day losing streak and rebounded back to above 83 dollars a barrel on Tuesday as upbeat earnings reports prompted risk appetite and European flights began to resume. Energy and basic material shares were boosted.

The Dow Jones Industrial Average rose 25.01, or 0.23 percent, to 11,117.06; the S&P 500 added 9.65, or 0.81 percent, to 1,207.17; and the Nasdaq rallied 20.20, or 0.81 percent, to 2,500.31.

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