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Two big pieces of moderately good news--a rise in existing home sales and the announcement of a bank rescue plan--made Wall Street jump with joy today.

By day's end, the Dow was up nearly 497.48 points, or nearly 6%. Though a rebound has been coming over the last two weeks, this gain was the largest since October. Other indicators were up as well: Nasdaq by 6.8 percent, and S&P by 7.1.

Troubled banks also saw their stock jump: Citigroup up 19.5 percent, Bank of America Corp. up 26 percent, JPMorgan Chase & Co. up 25 percent and Wells Fargo & Co. up 24 percent.

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