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US shares rebound, but Dell falls on deal to go private

AFP

US shares rebounded in opening trade Tuesday after the previous day's sharp correction, but Dell sank 2.6 percent after the company announced a plan to take itself private and de-list from the Nasdaq.

Five minutes into trade, the Dow Jones Industrial Average added 75.55 points (0.54 percent) to 13,955.63.

The S&P 500 index gained 9.28 (0.62 percent) to 1,504.99, while the tech-rich Nasdaq Composite picked up 10.44 points (0.33 percent) to 3,141.61.

Dell shares dropped 2.64 percent to $13.27 after announcing a $24.4 billion deal to go private, valuing the company at $13.65 a share.