Wall Street rebounds from Omicron selloff after strong Nike, Micron results

The Dow Jones Industrial Average rose 539.76 points, or 1.55%, to 35,471.92, the S&P 500 gained 72.79 points, or 1.59%, to 4,640.81

Wall Street's main indexes jumped more than 1.5% on Tuesday, with strength in travel and economically sensitive shares as well as in Nike and Micron Technology following their earnings, as stocks rebounded from a coronavirus-fueled rout the session before.

The rapidly spreading Omicron variant of the coronavirus has rattled stock markets around the world, triggering volatility in the final month of 2021 and leading some investors to lock in profits after a strong year for equities.

Economically sensitive groups such as energy and financials led among S&P 500 sectors on Tuesday while gains in massive technology and tech-related stocks such as Microsoft