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8A Daily News – Saturday, January 11, 2014 Furniture Depot Up To 235 So. Main St., Red Bluff Retail 50% OFF on select items in stock 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 • SUN. 11:00-5:00 Stocks rise as investors dismiss job report NEW YORK (AP) — It was a fluke. That was the conclusion investors reached about the U.S. government's latest Wall Street jobs report, which showed a sharp decline in hiring last month. Stock indexes ended mostly higher after wavering for much of the day. The gains were minus- FREE online subscription to TV Select Magazine Digital edition emailed to you, every Saturday! • Fully searchable online, zoom in, print out pages and more! • No newspaper online subscription or website access required. • Best of all ... it's ABSOLUTELY FREE! Just go online to www.ifoldsflip.com/t/5281 (You'll only need to go there one time) Select "Subscribe" tab in lower right corner Complete information for automatic weekly delivery to your email inbox That's it! This FREE service made possible by the advertisers in TV Select Magazine Kindly patronize and thank them. Click on their ads online to access their websites! DAILY NEWS RED BLUFF TEHAMA COUNTY cule, however, and there were a number of signs that investors were being cautious. Prices rose for bonds and gold, traditional ''goto'' assets for nervous investors. Utilities and other kinds of low-risk, high-dividend stocks also rose as investors sought safe places to park money. ''We need to see more evidence before concluding that all the other (economic) indicators are wrong and the jobs data is correct,'' said Kate Warne, a market strategist with Edward Jones. The Dow Jones Industrial average fell 7.71 points, or less than 0.1 percent, to 16,437.05. If not for a slump in Chevron, which reported a decline in oil and gas production late Thursday, the index would have risen slightly. The Standard & Poor's 500 index rose 4.24 points, or 0.2 percent, to 1,842.37 and the Nasdaq composite rose 18.47 points, or 0.4 percent, to 4,174.66. The Labor Department said that only 74,000 jobs were added to payrolls in December, the least in three years and far fewer than economists expected. The unemployment rate fell, but mostly because many people stopped looking for work, the government said. WE HAVE EXTENDED HOURS AT OUR COTTONWOOD CLINIC 20833 Long Branch Drive, Cottonwood (530) 347-3418 Now open Saturday's 9am-5pm www.lassenmedical.com See a doctor without the typical emergency room wait or expense. The December jobs survey stands in contrast to weeks of reports consistent with a steadily strengthening economy. U.S. companies are selling record levels of goods overseas; Americans are buying more big items like cars and appliances and layoffs have dwindled. As recently as Wednesday, the payroll processor ADP said private businesses created 238,000 jobs in December. If the recent U.S. economic picture were a jigsaw puzzle, the jobs report is the piece that didn't fit. ''The investor base was completely shocked with how especially weak the numbers were,'' said Tom di Galoma, who heads up bond trading at ED&F Man Capital. Market strategists blamed the bad jobs data on everything from the unseasonably cold weather in December to the fact that Thanksgiving came later than usual. Few believed the economic recovery is slowing down. Cautious investors took the data as a reason to retreat into safer investments. Bond prices rose, sending yields lower. The yield on the 10-year Treasury note fell to 2.87 percent from 2.97 percent the day before. Utility stocks were among the biggest gainers as investors looked to pull back on risk. The Dow Jones utility average, a basket of 15 utility companies, rose 1.3 percent. Consolidated Edison, Pacific Gas & Electric, and Edison International were all up roughly 1 percent or more. Even gold prices went up, after having a difficult 2013. Gold rose $17.50, or 1.4 percent, to $1,246.90 an ounce on the New York Mercantile Exchange. Amazing Finds NEW & USED FURNITURE & MUCH, MUCH MORE! 50% Red Tag Sale Antiques, Unique Fall Sale Two Locations - 30,000 square feet RED BLUFF 530-917-1138 REDDING 530-917-7797 22660 Antelope Blvd. amazingfindsredbluff.com 9am – 7pm Sun.-Fri. 3351 S. Market St. amazingfindshome.com 9am – 7pm Sun.-Fri.