Issue link: https://www.epageflip.net/i/170340
6B Daily News – Thursday, September 12, 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 Furniture Depot is giving away ALL FREE FURNITURE! MONTH With any purchase of $1,000 or more, you'll receive a FREE $250 GIFT CERTIFICATE Good toward future purchase. Stocks rise; iPhone disappointment hurts Apple JOSHUA FREED AP Business Writer Wall Street Investors decided the risk of a conflict with Syria is shrinking and sent stock prices higher. The Dow Jones industrial average rose 135.54 points, or 0.9 percent, to 15,326.60 on Wednesday. A big decline in Apple and other technology companies held back the Standard & Poor's 500 index and the Nasdaq composite. The S&P 500 managed a small gain, its seventh in a row. U.S. and Russian diplomats are working on a plan that would lead to Syria giving up chemical weapons that President Barack Obama says were used against civilians. Obama said the U.S. will explore a possible diplo- matic solution, though the U.S. military remains ready to attack. After a tough August, stocks have been rising in September. The S&P 500 is up 3.4 percent so far this month. Since September began, a U.S. strike on Syria has gone from seeming imminent to being something that may or may not ever happen. The risk that a confrontation with Syria could spread means most investors would be happy if the U.S. doesn't act, said Cam Albright, director of asset allocation at Wilmington Trust Investment Advisors. "Markets are much more happy when they don't have to deal with go for bigger market share, said Wayne Lam, an analyst for IHS iSuppli, which tracks components used in electronics. Instead, they stuck with their business model of avoiding cheap versions of its products. "It's a proven business model, and good for them, but I think the expectation is that Apple is losing market share and they're not innovating," he said. Apple fell $26.93, or 5.4 percent, at $467.71. Apple stock fell on Tuesday, too, after rising 11 percent in the month leading up to the announcement. Qualcomm fell $2, or 2.9 percent, to $68.09. Apple makes up some 15 percent of Qualcomm revenue, Lam estimates. Supplier Cirrus Logic Inc. fell $1.20, or 5.2 percent, to $21.89. Utilities and tech were the only two industry sectors in the S&P 500 that fell. The other eight rose, led by energy stocks. Traders on the floor of the New York Stock Exchange observed a moment of silence shortly before trading began on the 12th anniversary of the Sept. 11 terrorist attacks. that particular risk," he said. The S&P 500 edged up 5.14 points, or 0.3 percent, to 1,689.13. The Nasdaq composite fell 4.01 points, or 0.1 percent, to 3,725.01. Disappointment over Apple's new iPhone lineup dragged down tech stocks. The two S&P 500 stocks with the biggest declines were Apple and the chip supplier Qualcomm, which makes the radio chip used in previous iPhones and is expected to make the chip used in the new iPhones, too. Apple's new iPhones struck many as only a modest advance from previous models. Investors fretted that Apple is offering the phone's new operating system for free to people who already own older iPhones, removing an incentive to buy the new model. Also, some analysts felt that Apple's lowest-priced iPhone — $549 without a two-year cell phone contract — isn't cheap enough to win many buyers in emerging markets. There was a broad expectation that Apple would cut prices more and 741 Main Street, Suite #2 Red Bluff, CA 96080 1-800-287-2187 (530) 527-2187 C & C PROPERTIES An Independently owned and operated Member of Coldwell Banker Residential Affiliates. FOR 24/7 PROPERTY INFO CALL 1-888-902-7253 FORECLOSURES AND HOMES UNDER $200,000 2 BD 2 BD 2 BD 1 BD 2 BD 3 BD 3 BD 3 BD 3 BD 3 BD 3 BD 3 BD 4 BD 3 BD 1 BA 1 BA 1 BA 1 BA 1 BA 2 BA 2 BA 2 BA 2 BA 1 BA 2 BA 1 BA 3 BA 2 BA 821Sq Ft 704 Sq Ft 903 Sq Ft 384 Sq Ft 768 Sq Ft 1,092 Sq Ft 1,148 Sq Ft 1,312 Sq Ft 1,299 Sq Ft 1,000 Sq Ft 1,224 Sq Ft 960 Sq Ft 1,543 Sq Ft 1,702 Sq Ft 0.2 AC 0.3 AC 0.1 AC 1.6 AC 0 AC 0 AC 0.2 AC 0 AC 1.8 AC 0.6 AC 0.4 AC 0.3 AC 0.9 AC 0.5 AC $55,000 $65,000 $75,000 $87,900 $89,900 $128,000 $130,000 $130,000 $130,000 $136,000 $169,000 $169,500 $179,500 $187,800 Prop Code 4349 Prop Code 24409 Prop Code 4549 Prop Code 4389 Prop Code 4379 Prop Code 4519 Prop Code 4099 Prop Code 4719 Prop Code 4179 Prop Code 4579 Prop Code 4119 Prop Code 4689 Prop Code 4139 Prop Code 4559 Let Our Knowledgeable And Professional Staff Assist You With All Your Real Estate Needs Today ! See All Tehama County Listings at www.redbluffcoldwellbanker.com TEHAMA COUNTY REAL ESTATE TEAM • OPEN 7 DAYS A WEEK