US stocks open higher after two-day rout on virus fears

Wall Street stocks opened higher Wednesday as markets sought to shake off a two-day drubbing on mounting worries over the coronavirus.

Shortly after the opening bell, the Dow Jones Industrial Average was up 0.5 per cent at 27,222.53. The blue-chip index has shed nearly 2,000 points in the last two sessions.

The broad-based S&P 500 gained 0.6 per cent to 3,145.70, while the tech-rich Nasdaq Composite Index advanced 0.7 per cent to 9,027.54.