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US: Stocks rebound after steep losses: S&P +1.1%

US stocks opened slightly higher Thursday as markets remained volatile on concerns about global growth and the prospect of a Federal Reserve interest rate hike.

[NEW YORK] US stocks opened more than one per cent higher Wednesday, partly erasing Tuesday's steep losses driven by worries over China's economy.

Five minutes into trade, The Dow Jones Industrial Average was up 1.23 per cent, while the S&P 500 added 1.12 per cent and the Nasdaq Composite gained 1.26 per cent.