U.S. stocks rebound after morning slide

Investors gain hope after Standard & Poor's says the end of big bank and brokerage write-downs of sub-prime bonds may be in sight. The Dow, which skidded 235 points, finishes up 36 to 12,145. The stock market closed higher Thursday after a steep morning slide, as hopes were again raised that the bottom might be near in the sub-prime mortgage crisis.