The stock market rebounded today after a jump in pending home sales raised optimism about the economy.
The gains Wednesday allowed stocks to recover the losses from the day before, when the government announced investigations into the Gulf oil spill. A rebound in energy stocks led the way.
The National Association of Realtors' index of contracts for home purchases rose 6 percent in April as buyers raced to secure a tax credit.
The Dow Jones industrials rose 226 points to 10,250, the third biggest gain of 2010. The Standard & Poor's 500 index is up 28 at 1,098. The Nasdaq composite index is up 59 at 2,281.
Five stocks rose for every one that fell on New York Stock Exchange. Volume totaled 1.4 billion shares, in line with Tuesday.
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