The Dow Jones Industrial Average moved up 93.24 points Wednesday to close at 12,627.01 while the Nasdaq and S&P 500 picked up 21.26 points and 11.86 points, respectively.

In economic news, pending home sales rose 5.9% to 101.1 in May, reaching a new two-year high, while durable goods orders improved 1.1% last month.

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