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10A – Daily News – Friday, October 29, 2010 NEW YORK (AP) — Stocks struggled to a mixed finish Thursday after weak earnings news from 3M and other companies weighed on the market. The Dow Jones industri- Stocks give up early gains; 3M, Apple disappoint Wall Street al average lost 12 points, but broader indexes posted slight gains. The market had risen steadily in the opening moments of trad- ing following a surprise drop in first-time claims for unemployment benefits, pushing the Dow up as high as 53. 3M Co. set a negative tone with a downbeat view on the economy and a lower forecast for full-year earnings. 3M’s dim assess- ment of the U.S. and Euro- pean economies was a sobering reminder that growth in many developed nations remains weak. The maker of everything from Post-It notes to Scotch Tape called growth in those regions ‘‘uninspiring.’’ Its shares fell 6.4 percent. Apple Inc. fell about 1 percent after warning in a regulatory filing that profit margins might narrow next year. Colgate-Palmolive Co. also said it expects sales growth to slow next year. Not all the corporate news was bad. Eastman Kodak Co. rose 15.4 per- cent after saying more cus- tomers turned to home and office printers. Motorola Inc. said its phone division was profitable for the first time in three years as the company bets consumers will snap up more smart phones like the Droid X. Avon Products Inc. sank 5.6 percent after reporting suprisingly poor results from emerging markets. The beauty products seller said weakness in Brazil and Russia hurt quarterly profits. Many companies have relied heavily on expansion in developing countries to offset lagging sales in the U.S. and Europe. Mixed earnings over the 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! 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Claims fell to their lowest level in three months, bolstering hopes that companies might start ramping up hiring soon. The Electric Man For all your electrical needs • New Outlets / 220 • Fans / Fixtures • Pools / Spas • Code Corrections • Troubleshooting • Panel Upgrade • Telephone Wiring $10.00 Customer Discount FREE Estimates License# 826543 347-4441 The Dow fell 12.33, or 0.1 percent, to close at 11,113.95. The Standard & Poor’s 500 index rose 1.33 point to 1,183.78, while the Nas- daq composite rose 4.11, or 0.2 percent, to 2,507.37 Not even a falling dollar could provide support for the market. Stocks and commodities have been 22755 Antelope Blvd. Red Bluff, CA 96080 (530) 527-9166 very sensitive to the move- ment of the dollar in recent weeks. A decline in the dollar makes riskier assets priced in the currency, such as gold, oil and domestic stocks, more attractive to investors. The dollar was broadly lower against other curren- cies, while commodities prices mostly rose. 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