US stocks rise after slump over Omicron, inflation worries

Stocks rose on Wall Street on Tuesday after three days of losses brought on by worries over the spread of the Omicron variant and lingering concerns about rising inflation.

The S&P 500 index rose 1.7 per cent as of 2:51pm Eastern [6:51am AEDT]. The Nasdaq rose 2.3 per cent. Both indexes were…