NEW YORK - US SHARE prices rebounded modestly at the open on Tuesday as the market licked its wounds after a brutal session that saw investors panic in the face of fears of a deep recession.

The Dow Jones Industrial Average rose 62.20 points (0.76 per cent) to 8,211.29 in the first trades, after a horrific 679-point loss on Monday.

The Nasdaq composite climbed 18.92 points (1.35 per cent) to 1,416.99 and the Standard & Poor's 500 added 10.46 points (1.28 per cent) to 826.67, after both fell more than eight percent on Monday.

Bob Dickey at RBC Wealth Management said the market is trading on momentum and emotion now, heightening volatility.

'The market has given back about half the gain of the previous week, which in itself is normal, but the volatility is not,' he said.

'What the high volatility also does is to create an even bigger degree of mistrust among investors. Who now would believe that any kind of rally would hold to create a more meaningful upside move? The market is training us not to believe that a rally may be beginning, which is just about the time that it starts to happen.' -- AFP