Issue link: https://www.epageflip.net/i/17845
10A – Daily News – Thursday, October 14, 2010 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 Just In Time for The Holiday HUGE 72 HOUR SALE this Friday, Saturday and Sunday. With saving as much as NEW YORK (AP) — Better than expected earn- ings reports from three corporate bellwethers helped push stocks to their fourth day of gains on Wednesday, even though the companies themselves didn’t get to enjoy the rally. Intel Corp. and JP Morgan Chase & Co. both fell by more than a per- cent despite announcing double-digit gains in prof- its. Their earnings reports, however, contained nuggets of hopeful news on the direction of the broader economy. JPMorgan’s CEO Jamie Dimon predicted credit card defaults are likely to fall next quarter, which helped push shares of American Express up 1.9 percent and Master- Card up 3.9 percent. Intel 50-60 % OFF RETAIL Earnings reports push stocks higher Wall Street predicted sales should remain consistent through the end of the year as cus- tomers switch from back- to-school shopping to the holiday season. That con- tributed to gains in Dell, which was up 1.5 percent for the day, and Microsoft, which was up 2 percent. CSX Corp, one of the country’s largest railroad companies, saw a big jump in the shipment of cars and trucks. ‘‘They were assuring,’’ Andrew Ross, partner at First New York Securi- ties, said of the earnings reports. ‘‘But they weren’t inspiring, or disrupting.’’ One reason that the shares in the companies that announced earnings didn’t jump was that some 645 Main St., Red Bluff • 529-2482 COMPLETE AUTO REPAIR All makes and models. We perform dealer recommened 30K, 60K, 90K SERVICES AT LOWER PRICES Smog Check starting at $ (most cars and pick-ups) 2595 + cert. Pass or FREE retest 527-9841 • 195 S. Main St. We’re now booking gourmet catering for your Holiday Parties Call us to get a quote, or book your party www.californiakitchencompany.com Cornerstone Community Bank traders were expecting even higher gains. ‘‘With Intel especially, there were whisper expecta- tions that were much higher than what the ana- lysts had printed, and that helped push the stock up beyond estimates,’’ said Jay Leupp, the president of Grubb & Ellis AGA mutual funds. The Dow rose 75.68, or 0.7 percent, to 11,096.08. The broad Standard & Poor’s 500 index rose 8.33, also 0.7 percent, to 1,178.10, while the Nasdaq com- posite index rose 23.31, or 1 percent, to 2,441.23. Gold settled up $23.80 at $1,370.50 an ounce, the latest in a recent series of record highs. Benchmark crude oil rose $1.34 to $83.01 a barrel on the New York Mercantile Exchange. Bond prices rose and interest rates rose slightly. The yield on the bench- mark 10-year Treasury note, which moves oppo- site its price, rose to 2.42 percent from 2.43 percent late Tuesday. Volume on the New York Stock Exchange came to 5.1 billion shares, with three stocks up for every one that fell. 22755 Antelope Blvd. Red Bluff, CA 96080 (530) 527-9166 Open Mon. thru Sat. 10am – 6pm OK TRIMMER •Trimming and cleaning are easy with quick release and replaceable grill. •Powerful, efficient and quiet motor • Works well with flowers and various herbs •One person works as fast as ten or more. Select from 15 varieties of scissors! An event you don’t want to miss! THURS., OCT. 14 5:00 P.M. TO 7:00 P.M. Barber Shop $ Cheers 600 Open 6 days 570-2304 259 S. Main St. Tractor Supply Center Senior Cuts