US stocks rebounded on Monday after a global equity sell-off last week, as earnings optimism resurfaced and concern about the credit market eased. Some analysts are now saying that credit conditions don't necessarily mean that the economy and earnings will head in the wrong direction.

Let's take a look at the numbers, the Dow Jones Industrials gained 93 points closing at 13,358; S&P500 ended 15 points stronger at 1,474, and the Nasdaq gained 21 points to finish at 2,583.

In company news, despite some of the market positivity, American Home Mortgage Investment shares last closed down at $10.47 on Friday before falling sharply in pre-market trading on Monday. Shares in the prime and near prime home loan provider plummeted 39% to $6.39 before being placed on a trading halt pending an announcement. The company said it is struggling from "unprecedented" disruption in credit markets. The company delayed its quarterly dividend, announced "major" write-downs, and said lenders were demanding it put up more cash. The announcement fed investor worries that bad loans are extending beyond "subprime" lenders. Analysts say bankruptcy is not out of the question.