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Stocks gain on strong housing data

2013-02-27 19:23:40| Real Estate - Topix.net

The Dow Jones industrial average gained 0.7% in late morning trading. The S&P 500 added 0.8%, rising back above 1,500, while the Nasdaq rose 0.9%. Pending home sales, which reflects the number of contract signings, rose 4.5% in January, according to the National Association of Realtors.

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