New York - US stocks opened about 1% higher Wednesday, partly erasing Tuesday's steep losses driven by worries over China's economy
Fifteen minutes into trade, the Dow Jones Industrial Average was up 176.28 points at 16 234.68.
The broader S&P 500 gained 0.99% at 1 932.80, and the Nasdaq Composite added 1.05% at 4 684.98.
The 30 Dow blue chips were all higher, led by banks, which were heavily sold in Tuesday's rout, which saw the overall market down nearly three percent.
JPMorgan Chase gained 1.8%, and Goldman Sachs 1.4%. Wells Fargo, not included in the Dow, gained 2.1%.