(Bloomberg) -- The Dow Jones Industrial Average rose above 13,000 for the first time as U.S. stocks rallied on higher-than-estimated profits from Amazon.com Inc.
Shares of Amazon jumped the most in five years after the online retailer increased its full-year forecasts, boosting expectations corporate earnings projections are too low. C.H. Robinson Worldwide Inc., the largest U.S. arranger of freight shipments, also topped estimates. Alcoa Inc. was the Dow average's best performer after saying it may sell packaging and electronics units to focus on more profitable metal production.
Read more at Bloomberg Stocks News
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