Stocks rally, Dow ends above 13,000 on data, earnings

4:30 pm ET Apr 25, 2007

DJIA

13,089

+135.95

S&P

1,495

+15.01

NASDAQ

2,547

+23.35

10Yr

4.65%

+0.024

Stocks rally, Dow ends above 13,000 on data, earnings

NEW YORK
U.S stocks rallied on Wednesday, allowing the Dow Jones Industrial
Average to finish above the key 13,000 level for the first time, after
news of better-than-expected orders for durable goods in March, a
possible asset sale at Alcoa Inc. and surging profits at Amazon.com
lifted spirits.

RBS-led group proposes $100 billion bid for ABN Amro

LONDON
A consortium led by the Royal Bank of Scotland on Wednesday said it may
bid around $100 billion for ABN Amro -- but only if the sale of ABN's
Chicago-based unit, LaSalle, can be halted.

Amazon shares rally on strong first-quarter results

SAN FRANCISCO
Amazon.com shares surged Wednesday, a day after the world's largest
Internet retailer reported that first-quarter profit more than doubled
as sales jumped 32%.

Economic Report: New-home sales inch higher in March

WASHINGTON
Boosted by warmer weather in the Northeast and Midwest, sales of new
homes increased by 2.6% in March to a seasonally adjusted annual rate of
858,000, the Commerce Department reported Wednesday.

Proxy firms split on Icahn's campaign for Motorola board

SAN FRANCISCO
A leading shareholder-advisory firm on Wednesday morning called on
Motorola Inc.'s investors to vote Carl Icahn onto the company's board of
directors, saying the financier's activist campaign for change deserves
a chance.