Dow rebounds more than 600 points after Monday’s virus-driven rout

The Dow rose more than 600 points on Tuesday, erasing most of a massive selloff that slammed the markets a day earlier on fears that the coronavirus’ new Delta variant could derail the economic recovery.

In mid-morning trading, the Dow Jones industrial average was up 592 points, or 1.7 percent, at 34,554. The S&P 500 was up almost 60 points or 1.4 percent higher than its Monday finish and the Nasdaq was up 185 points for a 1.3 percent gain. That’s after the Dow closed 725 points lower Monday in a punishing session that was its worst since October, at one point shaving nearly 950 points off the blue-chip index in frenzied trades.