Closing Bell: Oil Recovers to $47; U.S. Stocks Snap Two-Day Losing Streak

U.S. stocks minimized some of the damage suffered since the Brexit vote rocked the finance world. The shock decision for the UK to exit the EU triggered selloffs that wiped out $3 trillion from global markets in Friday and Monday's session. Crude oil also rebounded alongside equities as traders saw an opportunity after days of extreme declines. West Texas Intermediate recaptured a level above $47 a barrel, partially recovering from its two-session drop. Shares of PayPal (PYPL) - Get Report moved higher Tuesday afternoon on Twitter chatter over takeover interest from MasterCard (MA) - Get Report . Neither company commented on speculation. Dick's Sporting Goods (DKS) - Get Report was placed on Goldman Sachs' conviction buy list. The firm said Dick's was best positioned to reap the benefits from the closing of Sports Authority stores.