Issue link: https://www.epageflip.net/i/129538
Friday, May 10, 2013 – Daily News 5B Stocks pull back from record levels on Wall Street NEW YORK (AP) — The stock market pulled back from record levels Thursday as investors became harder to please. Even a decline in the number of Americans applying for unemployment benefits failed to give stock prices a boost. Markets drifted lower in early trading, moved between gains and losses in the afternoon, then ended slightly lower. The Standard & Poor's 500 index had its first loss since May 1. Unemployment claims dropped to a five-year low last week, the Labor department reported early Thursday. That signals fewer layoffs and possibly more hiring. While the report failed to boost stocks, it did give the dollar a lift. The U.S. currency climbed against most major currencies and traded above 100 yen for the first time in more than four years. The Japanese Wall Street currency has weakened dramatically this year due to the Bank of Japan's massive monetary stimulus. An improvement in hiring at U.S. employers has been one of the key factors that pushed stocks up to record levels. The Dow Jones industrial average climbed above 15,000 for the first time Tuesday and is on track to notch six straight months of gains. The S&P 500 index also closed at a record high Wednesday. The bar for economic news and corporate earnings has risen as stock prices have marched higher, said JJ Kinahan, chief derivative strategist at TD Ameritrade. ''You have to beat by a lot to really move the market higher,'' Kinahan said. Rising corporate earnings, another key support for the stock market, were also in focus on Thursday. — Tesla Motors soared $13.61, or 24 percent, to $69.40, after the electric car maker posted its first quarterly net profit since it was founded a decade ago. — Green Mountain Coffee Roasters surged $16.56, or 27.8 percent, to $76.04 after the company reported late Wednesday that its net income rose 42 percent. It also raised its earnings forecast for the full year. — Monster Beverage, the maker of energy drinks, fell $2.96, or 5 percent, to $54.01, after it reported net income that fell short of analysts' estimates. The company's profits fell 17 percent, despite stronger sales, because of unfavorable currency rates, legal expenses and costs tied to distribution agreements. Almost 90 percent of the companies in the S&P 500 index have reported earnings for the first quarter. Earnings are projected Tehama Country Real Estate to rise 5 percent for the period and continue climbing throughout the year, according to S&P Capital IQ. The Dow fell 22.5 points, or 0.2 percent, to 15,082.62. The S&P 500 index dropped 6.02 points, or 0.4 percent, to 1,626.67. So far, markets have defied expectations for a slowdown heading into the summer. The S&P 500 index has started the second quarter well, gaining 1.8 percent so far in the period. The index has declined in the second quarter in each of the past three years. Stocks slumped last year in the May-through-June period as Europe's debt crisis intensified, and in 2011 they dipped as wrangling in Washington pushed the U.S. to the brink of default. The price of crude oil fell 23 cents, or 0.2 percent, $96.39 and gold fell $5.10, or 0.3 percent, to $1,468.60. This Week Stromer Realty TWO RIVER FRONT LOTS zoned multi family $100,000 ea or both for $175,000 590 Antelope Blvd Bldg. A, Suites 10 & 20, Red Bluff (530) 527-3100 http://redbluff.stromerrealty.com 22896 Tehama Ave, Gerber Owner will carry at increased price of $225,000 with substantial down. Beautiful view of Mt Lassen. 16.48 acres. The property is in the El Camino Irrigation District and is a perfect spot to raise kids and animals in a healthy country atmosphere! Get Results! Put your ad in Tehama Country Real Estate THIS WEEK 2.5 acres on the Sacramento River with 3 commerical buildings, Owner will carry with large down.........$749,000 160 acres with cabin.......................................................................................................$200,000 1586 sq. ft. home in the mountains..................................................................................$50,000 900+ sq. ft. 2 bed 1 bath...............................................................................................PENDING 2026 sq. ft. 4 bed 2 bath home on 4.09 acres fenced and crossed fenced..................PENDING 40 acres with domestic well and power along road........................................................$160,000 1780 sq. ft. 4 bed 2 bath................................................................................................$195,000 20 acres with well and septic, and power along road.....................................................$100,000 10.75 acres with a shop, power, well and septic............................................................$150,000 20 acres, Corner lot in the Wells Fargo Subdivsion.......................................................$120,000 Serving all of Tehama County, Northern Glenn County & Southern Shasta Robert Thayer, Owner / Realtor 1704 Solano St, Corning CA, 96021 Call me at (530) 515-3367 for any information on any listing, or listing your own home/business/property. RE/MAX American Dream Email rthayer@remax.net License # 01486553 SPECTACULAR RIVER VIEWS www.redbluffdailynews.com Dairyville Ranch 76.270 +/- acres $539,000 Beautiful small ranch with well kept home. House features a brick fireplace with a wood stove insert, parque flooring in hall and bedrooms, a full dining room and a breakfast nook in the kitchen. Sunshades are installed on front windows and patio sliding door. The rugs are in beautiful condition as the owners have lovingly maintained their home. Located in the Los Molinos Irrigation District, the property has 28 1/2 water shares. The rest functions as dry pasture. Several outbuildings. A large grove of very old producing olives is nearby the house. Seasonal Creek. Three septic systems, one domestic well and stock tank. Call (530) 527-2151 ext. 103 RE/MAX Five Star 2405 Hilltop Drive Don D. Davis Redding, CA 530-524-3137 For Lease: 832 sf office with bathroom, water, garbage, pest, monthly window washing included. Newer building, high traffic flow. Call for details 527-3100 Inexpensive Rent!! WESTERN REAL ESTATE 22399 Adobe RoadSpectacular river front home with a 75' patio, on the edge of the river, 2400sf home on 1/2 an acre. DRE LIC # 00368854 96002 OPEN HOUSE MINCH PROPERTY MANAGEMENT 760 Main St. • 530-527-5514 Commercial Properties For Sale: • 124 S. Jackson, 3.65 acres plus improvements ..............$199,500 • 840 Main St. 11,200 sq/ft .................Price Reduced to $265,000 • 1870 Montgomery (Industrial) ..................................................2 Acres • 13545 Saint Marys Ave. (Or lease).................................40,000 sq/ft • 562 Antelope Blvd (Business or Residence)..........................2200 sq/ft Commercial Properties For Lease: • 124 S. Jackson .........................................................Office or Storage • 1005 Washington St. (Handicapped Accessible).......................1,900 sq/ft • 731-741 Main St. (Upstairs).............................................various size suites • 955 Main St. (Inside Bank of America building)..................2,995 sq/ft • 560 Diamond Avenue (Vacant Pad)..........................................8,000 sq/ft • 1040 Monroe Street (Commercial/Industrial)............................1,000 sq/ft • 650 Main Street ..............................................................................2650 sq/ft Looking to sell your home this year? Find out why Bill Blunt was voted the best agent for 2012. The ONLY Certified Residential Specialist in ALL of Tehama County. Sell your home with Rim Rock Realty and we will pay for your home warranty! Guaranteed! (530) 529-5700 DRE Lic. #0117891 SAT., MAY 11TH 2013 • 11:30am - 1:30pm Or by appointment Rio Vista Mobile Estates #92 ON THE RIVER, 2/2 Doublewide 1300 sq ft $39,500 $30,900-obo. Financing available. Call 527-7297 CONVENIENT LOCATION POOL, OWC, $5000 DOWN 1500 sf, split floor plan, nice pool with new pump, decks, tile, laundry room, central h/a and fireplace. $148,600 NEW! 6 Acres, 3 Homes in Cottonwood, OWC $30,000 DOWN Riverfront home, park like setting, 1+ac, dock on the water. $427K, motivated seller. Antelope area building lot 3.05 ac..........................................$69,000 Charming cottage 2/1 in quiet area.......................................$79,500 Mobile in family park with view ............................................. $23,500 Riverfront home on 2.81 acres..............................................$179,000 Manufactured home and shop on 11 acres...........................$139,000 Log home on 40 acres with shop ........................................... $499,900 24 irrigated acres with home, barns, seasonal creek............$395,000 Mill Creek Resort, Land, Business, Cabins, fishing...............$999,500 530-529-2700 314 Washington St, Red Bluff, CA 96080 www.TehamaCountyRealEstate.com Corning Adult Park 2 Bedroom, 2 Bath From $19,900 OWC Space Rent $325-$335 a month 2/1 house plus 3/2 mobile (with garage) and 1/1 mobile, on 6 acres.1/2 mile from Evergreen School, fenced. Excellent well, nice level land. Great tenants pay on time.$147,000 Call (530) 921-4849 (530) 824-1500