U.S. stocks rebound shortly after opening bell

U.S. stocks rebounded shortly after the opening bell on Tuesday, trying to recover from steep sell-off in the previous session.

[File Photo: IC]

The Dow Jones industrial average gained more than 150 points after falling more than 500 points at the open. Caterpillar and Apple were the best-performing stocks on the Dow, rising more than 2 percent.

The S&P 500 rose 0.35 percent with information technology as the best-performing sector. The Nasdaq composite also rose 0.51 percent, back above the 7,000 territory.

U.S. stocks plunged Monday, extending a steep sell-off from the previous session, amid increasing concerns that rising inflation will force interest rates higher.

The Dow Jones Industrial Average plummet nearly 1,600 points briefly in late trading, marking the worst intraday fall in market history. The index settled 1,175.21 points, or 4.60 percent lower while the S&P 500 slumped 4.10 percent on Monday, both erasing 2018's gains.