Issue link: https://www.epageflip.net/i/149455
10A Daily News – Saturday, August 10, 2013 Furniture Depot J Clearance Sale E X T E N D E D U 235 So. Main St., Red Bluff % L 527-1657 off Up To Y Stocks slide on a quiet day, end down for the week 50-60 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 • SUN. 11:00-5:00 NEW YORK (AP) — Friday was the ho-hum cap- Throughout the Store Wall Street stone to a ho-hum week in the stock market as unim- County-wide Customer Appreciation Days Coming Wednesday, AUG 14 through Saturday AUG 17 Exclusively in the pages of DAILY NEWS RED BLUFF TEHAMA COUNTY www.redbluffdailynews.com Watch every day for expressions of appreciation for your business, discounts, bargains and more from Tehama County's most customer-focused local businesses! Including ads from the following: St. Elizabeth Community Hospital Holbrook's Furniture Gumm's Optical Shoppe Les Schwab Tires The Furniture Depot Little Caesars Pizza Red Bluff-Tehama Co. Chamber of Commerce Tehama Country Visitor Center Tehama Estates State Theatre pressive earnings kept investors feeling wary and news about the U.S. economy left them uninspired. All three major indexes ended lower, and almost everything about the day screamed summer. Trading was light and earnings season was nearly over. The only major economic news the government released was wholesale inventories, and that's hardly a closely watched indicator. Those still at work remarked on the difference that just a week made — the S&P 500 and the Dow Jones industrial average both hit their highest closing levels exactly one week before — and joked that all their colleagues had already taken off for the Hamptons, a group of tony beach towns east of Manhattan. ''Practically the whole financial world is there today,'' said Jeff Sica, president and chief investment officer of Sica Wealth Management, from his office in Morristown, N.J. Friday marked not just a losing day but also a losing week for the Dow, the S&P 500 and the Nasdaq composite. For the Dow, it was its first weekly loss since KWIK KUTS Family Hair Salon 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 8/31/13 With coupon 1064 South Main St., Red Bluff • 529-3540 June. The Dow closed down 72.81 points, or 0.5 percent, to 15,425.51. The S&P 500 index lost 6.06 points, or 0.4 percent, to 1,691.42. The Nasdaq composite was down 9.02 points, or 0.3 percent, to 3,660.11. Investors couldn't pinpoint a specific reason for Friday's decline, but said the entire week — one when the Dow and S&P Sierra Sound NEW & USED CD's Special Orders Avail. Car Stereo Sales - Service Installation We make house calls! 226 So. Main St., Red Bluff 527-3735 Remember when you shop locally, you support the tax base that provides local public services and support local employment! Businesses! It's not too late to be part of these special editions. For special discounted rate information, call your advertising representative at 527-2151. Kyla at (949) 342-1777, or Marcy at 1-800-888-9040 (Toll Free) 500 rose on only one day — has been weighed down by uninspired earnings reports. Earnings are up, but by less than analysts had forecast at the beginning of the year, and revenue is falling. There are also worries that the market has already reached its highs for the year. The S&P 500 is up 19 percent for the year. ''There's no specific culprit here, but the market seems to be tired,'' said Robbert Van Batenburg, director of market strategy at Newedge in New York. Comments this week from Federal Reserve officials also make it seem likely that the Fed will soon rein in its stimulus measures, which are meant to prop up the economy and stock market. Some investors worry that yanking off the Fed BandAid will reveal an economy that can't stand on its own. J.C. Penney was one of the few companies making news. Shares fell 6 percent as the company's board bickered with its largest shareholder, hedge fund manager Bill Ackman, over how quickly the company should replace its interim CEO. The stock lost 79 cents to $12.87. The government reported that sales for U.S. wholesalers increased — but wholesalers also cut their stockpiles for a third straight month, an indication that they're uncertain about future demand.