Wall Street Opens Higher After Virus-Driven Rout

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, on July 19, 2021. (Andrew Kelly/Reuters)

U.S. 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 percent, at the open to 34,678.94.

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