S&P 500 hits 2-year high, Twitter surges

S&P 500 hits 2-year high, Twitter surges

The S&P 500 index recorded its biggest single-session gain in two years, with the U.S. stock market moving higher for the second straight session on Tuesday.

In August, U.S. job openings declined by the most in around 2 -- 1 2 years, while the Reserve Bank of Australia announced a smaller-than-expected rate increase of 25 basis points.

Shares of Twitter Inc. TWTR jumped around 22% on Tuesday after Tesla Inc TSLA CEO Elon Musk resumed his planned buyout of the social media platform.

The shares of Apple Inc., AAPL, Amazon.com, Inc. AMZN and Meta Platforms, Inc. META, all traded higher on Tuesday.

The Nasdaq 100 jumped 3.14% to close at 11,582. The S&P 500 rose by 3.06% on Tuesday, while the 54 rose 54. The Dow Jones was close to 30,316, and surged around 825 points. The biggest surge in consumer discretionary stocks was recorded on Tuesday, with the major sectors of the S&P 500 closing on a positive note.

The CBOE Volatility Index, commonly known as VIX, is a measure of the equity market's expectation of volatility based on S&P 500 index call and put options.