Wall St rebounds

U.S. stocks rebounded during the final trading hour after a report that EU finance ministers are mulling means to recapitalise banks, while Fed Chairman Ben Bernanke is prepared to help the U.S. economy.
The Dow Jones Industrial Average closed up 153.41 points, or 1.44 per cent at 10,808.71.

The S&P 500 gained 24.71 points, or 2.25 per cent to end at 1,123.94. Most S&P sectors finished higher, propelled by financials and materials.

The Nasdaq composite rose 68.99 points, or 2.95 per cent to finish at 2,404.82.