The three major averages (^DJI, ^GSPC, ^IXIC) all closed higher on Tuesday, February 6. They were led by materials and real estate, two sectors that have been beaten down recently. Tech, however, lagged.

Yahoo Finance Market Reporter Jared Blikre takes a closer look at the market action.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Eyek Ntekim