New York's Dow Jones opened up 0.4% after Hurricane Sandy's arrival on the East Coast forced a two-day market closure.
The S&P 500 rose 0.3%, while the Nasdaq fell slightly in early trading.
US stock markets were closed on Monday or Tuesday as Sandy tore through the city, flooding the financial district and subway system and causing widespread power cuts.
But New York Mayor Michael Bloomberg rang the bell at the New York Stock Exchange (NYSE) on Wednesday, signalling Wall Street was open for business again.
To ensure a smooth start, the NYSE invoked a condition to trading known as Rule 48 which helps stop extreme market volatility.
But the exchange is currently without an internet connection or electricity, as are large parts of Manhattan, and is running on backup generators.
The majority of floor traders at the NYSE managed to get to work, despite the closure of the city's subways and train networks.
But trading was expected to be volatile following two days of inactivity and in low volumes, with the power outages preventing some traders from working from home.
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