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US shares rebound, but Dell falls on deal

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NEW YORK, Feb 5 AFP

February 06 2013, 01:49AM

US shares have rebounded in opening trade after the previous day's sharp correction, but Dell sank 2.6 per cent 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 per cent) to 13,955.63.

The S&P 500 index gained 9.28 (0.62 per cent) to 1504.99, while the tech-rich Nasdaq Composite picked up 10.44 points (0.33 per cent) to 3141.61.

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