At the end of a week of gloom and doom, stocks are finally on the rebound on Friday. Taking the cue, chemical shares too are on their way up after surviving a terrible Thursday when, according to AP, most of them took a nosedive following the announcement by four companies of force majeures -- a legal clause that excuses a party from liabilities for not being able to fulfill its obligations due to unforeseen developments -- thanks to the devastation wreaked by Hurricane Ike.

But they threw off their shackles on Friday. Dupont (DD), which fell 46 cents to $45.24 a day earlier, was up by 3.77% to $47.67. Keeping it company was Dow Chemical (DOW), the only one to have bucked the pullback on Thursday, with a surge of 4.16% to trade at $37.31.

But the stock to really watch out for is Olin Corp. (OLN)