Wall Street adds gains after home sales data

NEW YORK (Reuters) - Stocks added gains on Wednesday after data showed contracts to purchase previously owned U.S. homes matched a two-year high in May, fueling optimism the housing market is poised for a recovery.

The Dow Jones industrial average <.DJI> was up 90.52 points, or 0.72 percent, at 12,625.19. The Standard & Poor's 500 Index <.SPX> was up 11.66 points, or 0.88 percent, at 1,331.65. The Nasdaq Composite Index <.IXIC> was up 25.48 points, or 0.89 percent, at 2,879.54.

(Reporting By Angela Moon, editing by Dave Zimmerman)