US: Wall Street opens higher after virus-driven rout

[NEW YORK] US stocks jumped at the open on Wednesday, recovering from a sharp sell-off triggered by concerns over rising inflation and the new Omicron coronavirus variant.

The Dow Jones Industrial Average rose 195.22 points or 0.57 per cent at the open to 34,678.94.

The S&P 500 opened higher by 35.82 points or 0.78 per cent at 4,602.82. The Nasdaq Composite gained 214.58 points or 1.38 per cent to 15,752.27 at the opening bell.

REUTERS