i'm jack jackie deangelis with your cnbc market wrap. stocks rebounding in light but volatile trading today. the dow jones industrial surging 85 points. the s&p 5,000 adding seven. and the nasdaq tacking on nine. minor news today out of europe. we had ecb policy maker sparking this afternoon's rally by saying that he thinks the debt crisis will be solved in one to two years. in stocks, best buy slumped after buying out its british partner and apparently abandoning a plan for a chain of megastores in europe. and general motors peeled out after its china chief says the company is on track to double its sales in china by 2015. biotech giant amgen jumping after announcing plan to buy back its stock. and while the housing market is still flat, companies that survive the downturn will be lean, mean, and likely to prosper. that's it from cnbc, first in business worldwide. now back to "hardball."