Stocks gained on new home sales data

Stocks gained after stronger than expected new home sales data erased investors’ concerns about the economy. Earnings front, an upbeat outlook forecast from FedEx boosted investors’ confidence.

DJIA +100.81pts (0.97%) at 10525.43

S&P +12.35pts (1.12%) at 1115.01

Nasdaq +26.96pts (1.19%) at 2296.43

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