Investors opened their wallets Wednesday following an upbeat report from home builders and word that Greece is nearing a deal with its private creditors that would bring some much-needed stability to the region.

The Dow Jones Industrial Average rose 97 points to 12,578.95. The Nasdaq stormed up 41.63 points to finish at 2,769.71 while the S&P hurdled the 1,300-point threshold, closing up 14 points to 1308.04.

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