Issue link: https://www.epageflip.net/i/106264
8B Daily News – Tuesday, January 29, 2013 US stocks close mixed on uneven economic signals NEW YORK (AP) — U.S. stocks meandered between small gains and losses Monday, cooling off after a rally that had pushed the Standard & Poor's 500 index above 1,500 for the first time since December HOMETOWN CAFE 2007. Encouraging news about manufacturing provided an early boost, but stocks fell later after a report on the pace of home sales fell short of expectations. The government said before trading began that 1081 Solano St, #A, Corning, CA ~ Breakfast~Lunch Orders to go 5am to 11pm ~ ONE STOP (530) 824-4383 ✓Check out our selection of beer, wine & tobacco Your One Stop Convenience Store Friday Afternoon THUNDER STORM 714 Walnut St., Red Bluff 3pm to 6pm • $15/hour/lane Includes Shoe Rental Insurance Maximum 8 Bowlers Per Lane See Center For Details Providing year round family fun since 1958 365 S. Main St., Red Bluff (530) 527-2720 www.lariatbowl.com Respecting People. Impacting Business Steve Thomas Insurance Agent AAA Northern California, Nevada & Utah 151 Sale Lane Red Bluff, CA 96080 Office 530-529-9025 FAX 530-529-1488 Email Stephen.Thomas@goAAA.com California License No. 0693182 Membership \ Insurance \ Travel orders for long-lasting goods rose in December by 4.6 percent, helped by a 10 percent gain in orders for new aircraft. The report was a sign of strength for the manufacturing sector, a crucial driver of economic growth. Heavy equipment maker Caterpillar said separately that its fourth-quarter net income exceeded analysts' expectations, after adjusting for the cost of a soured deal to buy a Chinese maker of roofing supports for mines. Caterpillar said it took a big charge in the quarter because the Chinese company had misrepresented its finances. Caterpillar Inc. said it expects growth in China to improve without regaining the levels seen in 2010 or 2011. The stock was the biggest gainer in the Dow Jones industrial average, closing up $1.87, or 2 per- cent, at $97.45. The Dow Jones transportation index, a proxy for future economic activity, edged higher, notching its tenth straight increase and its twelfth gain in the past 13 trading days. A half-hour after trading began, the National Association of Realtors said that its index of pending home sales fell in December, suggesting that sales of previously occupied homes may slow in the coming months. The report, which was weaker than many economists had expected, helped push stocks lower for much of the morning. They were roughly flat by midday, and spent the afternoon swapping small bumps and dips. The Dow closed down 14.05 points, or 0.1 percent, at 13,881.93. The S&P 500 fell 2.78, or 0.2 percent, to 1,500.18. The Nasdaq composite index added 4.59, or Sierra Sound Wall Street KWIK KUTS NEW & USED CD's Family Hair Salon Special Orders Avail. 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Call 530 839-2838 MOULE'S TEHAMA COUNTY GLASS 530 527-5767 ✓ TUNE-UPS ✓ SMOGS ✓ AIR CONDITIONERS ✓ AUTO GLASS ✓ MUFFLERS ✓ GENERAL 0.2 percent, to 3,154. The Dow and the S&P 500 are rapidly approaching their all-time closing highs, reached on Oct. 9, 2007. The Dow is about 282 points below its high of 14,164.53; the S&P 500 is 65 points shy of its record of 1,565. Economic data may be less likely to boost the indexes because traders have become harder to impress as the data have strengthened in recent weeks, said Bill Stone, chief investment strategist with PNC Asset Management Group. ''Before, even if you came in just at expectations, that was like a victory,'' he said. Because of the market's recent upturn, he said, ''you get less of a pop for just making the numbers.'' Among companies in the S&P 500 that reported earnings Monday, Biogen Idec Inc. said its fourthquarter net income slipped nearly 3 percent because of a tax charge and higher expenses. Still, the biotech drug maker rose $3.79, or 2.6 percent, to $149.99. SIDEVIEW MIRRORS Installed for all makes & models 515 Sycamore St., Red Bluff • 529-0260 Corner of Hwy 99E & Vina Rd. Law Office of CHERYL A. FORBES Estate Planning, Wills and Trusts Probate and Trust Administration 349 Pine Street P.O. Box 1009 Red Bluff, California, 96080 Top Cowdog Competition Sacred Heart School Announces its OPEN HOUSE To Celebrate Catholic School Week 2013 When: Tuesday, January 29th 6:00 - 7:00 pm Come Meet Our Faculty and staff and tour our classrooms and facilities! 2255 Monroe Street Red Bluff For further information call (530) 527-6727 or visit our website at www.sacredheartredbluffschool.org Ten Dogs - Ten Handlers One Amazing Event! TEL (530) 527-7500 FAX (530) 527-6500 Cheryl@AttorneyCherylForbes.com Estate Planning For Future Generations Dynamic performances & high level competition visit us at facebook/rodearamerica th October 26 • 10AM Tehama District Fairgrounds FREE ADMISSION Welcoming Event Sponsors call 530-529-4074 Presented by Rodear America along with Back to School Project With Guest Performers: Gloria Muñoz Maricela Ibarra from LA, CA Vanessa Del Fierro from San Antonio Tx El Original Grupo Ladino Symplemente Bella Live Mariachi Saturday, February 2, 2013 7:00 PM Tickets $20 Adults, $10 age 12 and Under Tickets available at Sky River Music, Wink Fashion Salon, at the door, and online at www.statetheatreredbluff.com