Issue link: https://www.epageflip.net/i/146550
10A Daily News – Saturday, July 27, 2013 Furniture Depot 235 So. Main St., Red Bluff 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 • SUN. 11:00-5:00 J U L Y Clearance Sale % Up To 50-60 off Throughout the Store Stocks eke out tiny gains on Wall Street NEW YORK (AP) — A mixed batch of earnings results gave investors little direction on Friday as traders began looking ahead to a packed schedule next week. The stock market slumped in early trading, climbed steadily the rest of the day, then ended little changed. Volume was thin as traders prepared for a deluge of potentially market-moving events next week: a Federal Reserve meeting, the government's monthly employment report and much more. ''Traders seem to be erring on the side of caution today,'' said Jeffrey Kleintop, the Wall Street chief market strategist for LPL Financial. Expedia plunged 27 percent, the worst fall in the Standard & Poor's 500 index. The online travel agency reported earnings late Thursday that badly missed analysts' expectations. Higher costs were the main culprit. Expedia lost $17.80 to $47.20. The Standard & Poor's 500 index inched up 1.40 points, or 0.08 percent, to 1,691.65. The index ended the week with a tiny loss, the first this month. The Dow Jones industrial average rose Amazing Finds NEW & USED FURNITURE & MUCH, MUCH MORE! 50% Red Tag 3.22 points, less than 0.1 percent, to 15,558.83. The Nasdaq composite index edged up 7.98 points, or 0.2 percent, to 3,613.16. It's halftime in the second-quarter earnings season, and corporate profits are shaping up better than some had feared. Analysts forecast that earnings for companies in the S&P 500 increased 4.5 percent over the same period in 2012, according to S&P Capital IQ. At the start of July, they predicted earnings would rise 2.8 percent. Nearly seven out of every 10 companies have surpassed Wall Street's profit targets. The results aren't exactly impressive, said Sam Stovall, the chief equity strategist at S&P Capital IQ. Investors often argue that analysts set the bar for SALE Two Locations - 30,000 square feet RED BLUFF 530-917-1138 REDDING 530-917-7797 22660 Antelope Blvd. 3351 S. Market St. amazingfindsredbluff.com amazingfindshome.com 9am – 8pm (closed Saturdays) 9am – 6:30pm daily LOST Large Reward Family Heirloom Summer Sale! earnings so low that most companies are bound to jump over it. On average, more than six of every 10 companies beat Wall Street's targets every quarter. Starbucks posted results late Thursday that beat analysts' estimates. Lower costs for coffee beans and better sales of salads and sandwiches helped. Starbucks jumped $5.19, or 8 percent, to $73.36. The stock market hasn't ended the week with a loss since June 21, when speculation that the Federal Reserve would start easing off its support for the economy rattled financial markets. Kleintop cautioned against reading too much into the market's moves on Friday or the weekly loss. The S&P 500 is still up 5.3 percent for the month and 18.6 percent for the year. ''It's just one week down after four up,'' he said. ''If the market just goes higher and higher PHYSICIAN REFERRAL BACK TO SCHOOL PROJECT PRESENTS Gold Cross approx 6" x 3" in vicinity of More 4 Less or Denny's 586-1984 A FREE SERVICE PROVIDED FOR YOUR CONVENIENCE 1-888-628-1948 www.redbluff.mercy.org The ad for Growney Motors that appeared in the Friday July 26th edition of the Red Bluff Daily News incorrectly stated the price for the 2012 Chevy Suburban #122803 as $34,995. The price should have been $36,995. We are sorry for any inconvenience this may have caused their customers. GROWNEY MOTORS This ad co-sponsored by DAILY NEWS TEHAMA COUNTY BUICK next move. The yield on the 10-year note went as low as 1.63 percent on May 1 and as high as 2.74 percent on July 5. KWIK KUTS Sierra Sound Family Hair Salon Ad Correction RED BLUFF week after week, you would see a major swoon when it runs into some disappointing news.'' In the market for U.S. government bonds, the yield on the benchmark 10-year Treasury note slipped to 2.56 percent from 2.57 percent late Thursday. Long-term interest rates have swung in a wide range since early May as traders attempt to anticipate the Fed's 1160 Main St., Red Bluff 527-1034 www.geogrowney.com 20 % off ANY RETAIL PRODUCT with any chemical service of $50 or more 2 Regular $ Haircut 00 off Reg. $13.95 Not good with other offers Expires 7/31/13 With coupon 1064 South Main St., Red Bluff • 529-3540 News tip? Call 527-2151, ext. 112 NEW & USED CD's Special Orders Avail. Car Stereo Sales - Service Installation We make house calls! 226 So. Main St., Red Bluff 527-3735 Celebrate at the Market Frontier Village Farmers Market Time: 12:30-4:30 Date: August 03,2013 Celebrate National Farmers Market Week and Our Grand Opeining BEER GARDEN Roland Allen, Brew Master, Feather Falls Brewing, Sierra Nevada Brewery, Western Pacific Brewery $20 BBQ Ticket Tickets available at the Market Saturdays 8:00-1:00 and on line at: Tickets www.brownpapertickets.com 645 Antelope Blvd (across from the Tehama District Fairgrounds) at Frontier Village