Home, factory news sends stocks higher

Specialist Christopher Trotta works on the floor of

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Specialist Christopher Trotta works on the floor of the New York Stock Exchange Monday. Markets are being weighed down on Wednesday, June 27, as leaders in Europe prepare for a two-day summit where they will try to address dangerous debt problems. (June 25, 2012) (Credit: AP)

A rare double shot of good news about the U.S. economy sent stocks strongly higher Wednesday.

The Dow Jones industrial average rose 92 points despite lingering fear about Europe's debt turmoil.

Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years, the National Association of Realtors said. It was the latest signal that the housing...

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