US stocks rally after prior day's rout

Wall Street stocks rallied in opening trading on Thursday, recovering some of the prior session's losses following a deluge of mostly solid earnings reports.

About two minutes into trading, the Dow Jones Industrial Average was up 0.5% at 24 702.32.

The broad-based S&P 500 gained 0.7% to 2 674.19, while the tech-rich Nasdaq Composite Index jumped 1.4% to 7 210.45.

Major US indices lost more than 2% on Wednesday in an ugly sell-off precipitated by worries over slowing corporate earnings growth.

Other issues that have pressured stocks include worries about higher US interest rates and anxiety over the fallout from the murder of Saudi Arabian journalist Jamal Khashoggi.