U.S. stocks recover, Dow Jones claws back 294 points

NEW YORK, New York - Stock markets in the United States and around the world were in recovery mode Tuesday following Monday's meltdown.

"While such sharp declines in equity prices are concerning, looking back at historic data on the S&P 500 index reminds us that dips, pullbacks and corrections of 10 percent or more are a normal and healthy part of any bull market," George Smith of LP Financial wrote in a note to