Issue link: https://www.epageflip.net/i/117233
10B Daily News ��� Saturday, March 23, 2013 FURNITURERed Bluff DEPOT 235 So. Main St., 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 ��� SUN. 11:00-5:00 Better Sleep Through ScienceTM Simmons Beauty Rest Mattress Sets CLOSE OUT 20-50% off Stocks rise on Wall Street aided by earnings (AP) ��� Strong company earnings boosted stocks on Wall Street Friday. Investors also saw a chance to add to their holdings after declines earlier in the week. Nike reported a surge in quarterly profit, sending its stock price to a record. Tiffany topped earnings predictions, boosted by demand from customers in Asia. Investors were also drawn by a pause in the market���s big run-up. The Standard & Poor���s 500 index logged its second weekly decline of the year, despite Friday���s gains. The damper on U.S. stock markets was caused by another worrisome chapter in Europe���s debt crisis, and some disappointing corporate news. The Mediterranean island nation of Cyprus, a banking haven, is struggling to devise a plan to avoid financial collapse. Stocks were also weighed down on Thursday by weak sales from Oracle. That news brought down technology stocks. FedEx ended the week 10 percent lower after it reported a drop in quarterly profit and cut its annual earnings forecast on Wednesday. The company is Wall Street a gauge of the economy because so many shoppers and businesses use its shipping services. On Friday, investors took advantage of the market���s down week and ramped up their stock buying. A resilient global economy has encouraged investors to pick up stocks on any dips, said Ron Florance, managing director of investment strategy at Wells Fargo Private Bank. ������We still have an astonishing amount of money sitting on the sidelines,������ said Florance. The Dow Jones industrial average rose 90.54 points, or 0.6 percent, to 14,512.03 Friday. The Standard & Poor���s 500 index rose 11.09 points, or 0.7 percent, to 1,556.89. The Nasdaq composite gained 22.40 points, or 0.7 percent, to 3,245. Nike shares hit an alltime high, rising $5.93, or 11 percent, to $59.53 after the company reported a 55 percent spike in quarterly net income. Tiffany rose $1.32, or 1.9 percent, to $69.23 after its strong fourth-quarter earnings. For the week, though, the Speakers At Democratic Dinner Saturday, March 23, 2013 S&P 500 was seven points, or 0.3 percent, lower than it was at the start of trading on Monday. The index last logged a weekly decline Feb. 22, falling 0.3 percent, after investors were spooked by the minutes from the Federal Reserve���s January policy meeting. The minutes revealed disagreement over how long to keep buying bonds in an effort to boost the economy. The Dow shed a fraction of a percentage point this week. A pause in the stock market run-up is now due because gains this year over- state the improvement in the economy, said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management. The biggest risk to the market run-up this year will come when the Fed faces increasing pressure to end its stimulus program. That could happened if the economy continues to improve and stock markets rise, said Sandven. The yield on the 10-year Treasury note rose to 1.93 percent from 1.92 percent. Among other stocks making big moves Friday; ��� Micron Technology rose 97 cents, or 10.7 percent, to $10.05 despite reporting a loss in its fiscal second-quarter later Thursday. The chipmaker said that revenue grew 3 percent, to $2.08 billion, better than analysts had expected. ��� Anacor Pharmaceuticals Inc. climbed $1.24, or 25.6 percent, to $6.08 Friday, after the drug developer reported strong data from a mid-stage study of a potential chronic rash treatment. ��� Marin Software, a marketing software company, rose $2.26, or 16.1 percent, to $16.26 on its market debut. The San Franciscobased company raised $105 million in its initial public offering. ��� AK Steel Holding fell 16 cents, or 4.6 percent, to $3.31, after projecting a larger-than-expected firstquarter loss because a previously expected seasonal increase in demand for steel hasn���t materialized. $ John Chiang, California State Controller has taken action to weed out waste, fraud and abuse of public funds, and forced the legislature to pass a balanced budget for the first time in 16 years. Born in Mexico, Ms. Alexandra Gallardo-Rooker is an accomplished leader in the political arena at both the national and state level. Ms. Rooker is Vice Chair of the California Democratic Party. ���A Salute to American Workers��� Tri-Tip Buffet and Dessert ��� Red Bluff Community Center, 1500 S. Jackson Street Saturday, March 23, 2013 Doors open at 5:15 pm 35,36685* in Discount Coupons were published last week in the DAILY NEWS RED BLUFF TEHAMA COUNTY ��� And that does not Count all the ads offering percentage discounts, two-for-ones and Free-with-Purchase offers! $25.00 person or $30.00 at the door Don���t miss a Day of it! Subscribe Today Ticket info: John Elshere 530-529-1238 or e-mail: tehamacountydemocrats@gmail.com 527-2151 Tehama County Democratic Central Committee Paid Political Advertisement It pays for itself. *approx. value