Business Highlights

NEW YORK (AP)--Wall Street snapped back Tuesday after its biggest sell-off in years amid growing expectations that lawmakers will salvage a $700 billion rescue plan for the financial sector. But the seized-up credit markets where businesses turn to raise money showed no sign of relief.

One day after the biggest point drop in its history, the Dow rose 485.21, or 4.68 percent, to 10,850.66. It was third-biggest point gain in the Dow's history and the biggest percentage climb in the Dow in six years.

The recovery in stocks wasn't unexpected as carnage on Wall Street often attracts bargain hunters, though questions remain about how investors will proceed.

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Bailout revival sought; better deposit safety seen

WASHINGTON (AP)--Congressional leaders, President Bush and the two rivals to succeed him rummaged through ideas new and old Tuesday, desperately seeking to change a dozen House members' votes and pass a multibillion-dollar economic rescue plan. At the top of the list: Raise confidence in the banking system by increasing the government's insurance.

In addition, there was talk of making it easier for financial institutions to hold questionable long-term assets, an idea embraced by some of the House Republicans who slapped down the bailout bill and sent stocks tumbling on Monday.

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With banks in miser mode, credit markets stay taut