Tuesday has been a much better day than Monday was for the stock market, Bloomberg reported.

The Standard & Poor's 500 index rebounded from its biggest drop since June by rising 0.8 percent as of late this morning. The Dow Jones industrial average was up 0.6 percent after dropping 326 points yesterday, which brought its total drop for the year to 7.3 percent.

 

Some analysts are still concerned that the market is in a pullback period, though one expert in the article said it's a "healthy pullback."

 

In promising economic news, confidence among U.S. CEOs rose in the fourth quarter to the highest level since April 2012, according to another Bloomberg article.

 

The Young Presidents' Organization sentiment index climbed to 63.5 from 60.5 in the previous three months. Readings greater than 50 indicate that the outlook was more positive than negative.

 

A total of 52 percent of CEOs surveyed said the economy has improved from six months ago, up from 38 percent who said so in October. Only 9 percent said the economy will worsen, down from 20 percent last quarter.