February 11, 2009 / 2:39 PM / 9 years ago

US STOCKS-Wall St opens higher on bargain search

NEW YORK, Feb 11 (Reuters) - U.S. stocks opened higher on Wednesday, with investors scooping up beaten down shares following a sell-off sparked by concerns about a plan to shore up the financial system.

* Bank shares were among stocks mounting a recovery, with Wells Fargo (WFC.N) rising 1.2 percent to $16.60 and Bank of America (BAC.N) up 4 percent to $5.78.

* The Dow Jones industrial average .DJI was up 49.06 points, or 0.62 percent, at 7,937.94. The Standard & Poor’s 500 Index .SPX was up 4.83 points, or 0.58 percent, at 832.40. The Nasdaq Composite Index .IXIC was up 8.63 points, or 0.57 percent, at 1,533.36. (Editing by Tom Hals)

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