Most of the rally was driven by the comeback in technology stocks as investors jumped into the sector to tap the beaten down prices.
A couple of stocks you can buy and forget about over the long haul are Intuitive Surgical (NASDAQ: ISRG) and Nvidia (NASDAQ: NVDA). The company's da Vinci systems allow surgeons to operate from a console that lets them make minimally invasive procedures more efficiently. The company released its third-quarter earnings in October, and as of the period ended Sept. 30, there were 6,525 installed da Vinci systems -- an 11% increase from the previous year.
Shares of semiconductor specialist Nvidia (NASDAQ: NVDA) opened lower on Wednesday, and were still down 2% as of 10 a.m. ET. As MarketWatch pointed out this morning, Tuesday saw a rally across stock markets -- but few sectors benefited as much as semiconductors, which "led the way, with gains far outpacing the broader market." Indeed, the PHLX Semiconductor Index (NASDAQ: SOXX) posted a 5% gain yesterday, or more than triple the 1.4% gain on the Dow Jones Industrial Average.