Stocks stage dramatic comeback Tuesday to end mostly higher

U.S. stocks booked a dramatic turnaround on Tuesday, with the S&P 500 and Nasdaq Composite both ending a choppy session higher, even as investors kept an eye on signs that the U.S. could slip into a recession. The Dow Jones Industrial Average
DJIA,
-0.42%
shed 0.4%, or about 130 points, to finish near 30,967. At the session’s low, the blue-chip index traded about 600 points lower, according to FactSet data. The S&P 500 index
SPX,
+0.16%
eked out a gain of 0.2%, while the Nasdaq Composite Index
COMP,
+1.75%
closed up 1.8%. A strong U.S. dollar
DXY,
+1.30%
and tumbling oil prices also were in focus, with the U.S. benchmark
CL00,
-8.09%
CLQ22,
-8.09%
falling 8.2% to close below $100 a barrel, its lowest in more than two months.