Wall Street rebounds

Mar. 13 - U.S. stocks finished higher, despite a steep drop at the open, on hopes the end of huge subprime write-downs is near. The Dow rose 35 points to 12,145. The S&P 500 gained 6 points to 1,315. The Nasdaq rallied 19 points to 2,263.

Crude oil hit an intraday high of $111 a barrel.

Speaker: Milton Ezrati, market strategist, Lord Abbett

Conway Gittens reports from New York