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

[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.

AFP