Stocks rallied Tuesday after positive news in Europe, and oil prices headed higher. The Dow Jones Industrial average soared by over 1.5 percent or over 267 points with just minutes left in the trading day. Oil prices helped ease investor worries as it jumped up seven percent or up $3.48 to $53.05. Last Thursday, it saw a low of $43.58.

"[We are] obviously seeing a rebound in some of the oil sector," Randy Frederick, managing director of trading and derivatives at Charles Schawb, told CNBC. "Overall the market has been weak, until late yesterday, so it'll be interesting to see if it holds up."

For every stock declining Tuesday, four rose on the New York Stock Exchange.

Stocks in Focus:

Apple (AAPL) shares were off slightly Tuesday, down by about $0.35, after reaching $119.09 earlier in the day. The stock is now trading in the lower $118 range prior to the final bell. Apple hit its 52-week high on Jan. 30 thanks to record-breaking profits and sales of iPhones.

Twitter (TWTR) shares are up big Tuesday after the company formed a new partnership with mobile ads and different websites. The partnership will allow Twitter's targeted ads to appear on websites outside of Twitter. In late day trading, Twitter was up over six percent or $2.52 to $39.98.

Twitter's stock has been sinking lately, however. In the last four months the stock has seen prices fall from the $55 range all the way to the $35 range.

Shares of Exxon Mobil (XOM) were up on the jump of oil. Right before the final bell, Exxon Mobil is seeing its shares up by almost three percent or $2.62 to $92.19. Recently, Exxon Mobil beat analysts expectations when it reported its fourth quarter 2014 earnings.

What do you think of the recent surge in oil? Are you more confident in the markets with the rise in oil? Leave us a comment below and let us know.