Stocks rebound from early morning slump a day after Wall Street's worst performance in a month

Stocks are up on Wall Street following an early morning slump a day after the market's worst performance in a month. 

The S&P 500 is up 0.3%, or 17 points, as of 10:58 a.m. Eastern time on Wednesday, following a 2.1% drop a day earlier. The Dow Jones Industrial Average is up 186 points, or 0.5%, while the tech-heavy Nasdaq composite is up 0.4%. 

World stocks tumbled Wednesday after Wall Street had its worst day since early August, with the S&P 500's heaviest weight Nvidia falling 9.5% in early morning trading, leading to a global decline in chip-related stocks. Investors concerned about the strength of the U.S. economy will be closely watching the latest update on job openings from the Labor Department.