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10A – Daily News – Saturday, October 23, 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 NEW YORK (AP) — The Dow Jones industri- al average rose for a third straight week, cap- ping a two-month peri- od in which the index has ended 7 out of 8 weeks higher than where it started. Stocks ended on a mixed note Friday at the close of a busy week of earnings news. The Dow finished slightly down, while the broader Stan- dard and Poor’s 500 index and the technolo- gy-focused Nasdaq both ended with gains. The market appeared to be in a holding pat- tern as investors turned their attention to a meeting of finance min- isters and central bank governors in Korea. The group is meeting as ten- sions grow over a brew- ing currency battle that could affect global trade. ‘‘Everyone is trying to get out of the eco- nomic doldrums by exporting,’’ said Bruce McCain, chief invest- ment strategist at Key Private Bank. ‘‘And everyone is trying to do it at one time.’’ There are worries that some countries, like China, are holding their currencies at artificially low levels. That gives them an advantage in exporting goods as the global economy slowly recovers from a deep recession. The Dow Jones industrial average fell 14.01, or 0.1 percent, to 11,132.56. The Stan- dard and Poor’s 500 index rose 2.82, or 0.2 percent, to 1,183.08, and the Nasdaq compos- ite index rose 19.72, or 0.8 percent, to 2,479.39. Each index finished the week with gains as a parade of large compa- nies reported that they are making more money than analysts were expecting. A third of the companies that make up the Standard and Poor’s 500 index have now reported earnings, and approximately 75 per- cent have reported high- er earnings per share than analyst forecast, according to Howard Silverblatt, the senior index analyst at Stan- dard and Poor’s. Amazon.com Inc. and oil services compa- ny Schlumberger Ltd. were among Friday’s better performers fol- lowing strong earnings reports. Online retailer Amazon shook off some early morning concerns about narrowing mar- gins to finish $4.16, or 2.5 percent, higher at $169.13. Schlumberger got a big lift from increased land-based drilling activities in the U.S. and Canada. Shares of Hewlett- Packard rose 47 cents, or 1.1 percent, which made that company the top performing stock among the components Recliner Sale Starting at $29900 NEW shipment just arrived Stocks end higher for 3rd straight week tional investors signaled that it may attempt to force the company to repurchase mortgage loans issued by one of its subsidiaries. Coca Cola Co., meanwhile, gained 2.7 percent to end the week as the best performing component of the Dow for the week. The dollar rose slightly against other major currencies, but still remains near a 15- year low against Japan’s yen. It’s also near its low- est level of the year against the euro. The yield on the 10- of the Dow index. American Express, with its 3.1 percent drop, was the Dow’s worst per- former. Bank of America 22755 Antelope Blvd. Red Bluff, CA 96080 (530) 527-9166 Corp., whose shares fell 4.5 percent, was the Dow’s laggard for the week. The North Caroli- na bank has lost ground since a group of institu- 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! Barber Shop $ Cheers 600 Open 6 days 570-2304 259 S. Main St. Tractor Supply Center MELODIE for ages 12 & under Compete for 1st, 2nd & 3rd Place Prizes! ★★ ★ October 30th • 11-3pm Free Food: AMERICAN SELF-STORAGE Hot Dog • Hamburgers • Chips & Soda That Day $10 moves you in! Rental Units Limited time, one day only FREE DRAWINGS every 1/2 hr. 11-3pm only 64 Mulberry Ave., Red Bluff 527-1755 POISSON for Corning City Council VOTE Senior Cuts year Treasury note rose slightly to 2.57 percent from 2.54 percent late Thursday. Bond yields move in the opposite direction of prices. Consolidated trading volume on the New York Stock Exchange was very light at 3.1 bil- lion shares. “Help us cut costs and rebuild our city” Paid Political Advertisement