(Reuters) - Shares of Alcoa, the world's largest aluminum company and a Dow component, rose sharply after the company said it might sell the packaging and consumer business, whose products include Reynolds Wrap.
The Dow average leapt to an intraday record of 13,036.99 within minutes of the market's open. Earlier, data showed orders for durable goods -- costly and long-lasting manufactured items -- rose more than expected in March. The report helped to calm concerns about the economy, while news of earnings showed surprising strength.
Read more at Reuters.com Business News
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