Issue link: https://www.epageflip.net/i/242011
8B Daily News – Wednesday, January 15, 2014 US stocks bounce back a day after big loss NEW YORK (AP) — The good followed the bad for the stock market on Tuesday. One day after logging its worst performance of the year, the stock market bounced back with its best day of 2014. The Standard & Poor's 500 index climbed more than 1 percent and erased most of its loss from a day earlier. Technology stocks led the gains as Wall Street analysts raised their assessments of Intel and electronics company Jabil Circuit. A report on retail sales also boosted investor confidence. Excluding spending on autos, gas and building supplies, sales increased 0.7 Wall Street percent in December, the Commerce Department reported Tuesday. That was better than the increase of 0.4 percent forecast by economists. While the rise in December sales was modest, it helped ease investors' concerns about the health of the economy after a surprisingly weak jobs report was published on Friday. ''This is a preview of what 2014 will be like...it's going to be more volatile than it was last year,'' said Andres Garcia-Amaya, a global market strategist at JPMorgan Funds. ''The WE HAVE EXTENDED HOURS AT OUR COTTONWOOD CLINIC market's bouncing back and saying the world's not ending, things are pointing in the right direction.'' The S&P 500 index gained 19.68 points, or 1.1 percent, to 1,838.88, its biggest gain since Dec. 18. It rose steadily throughout the day and finished close to its high on Tuesday. The Dow Jones industrial average rose 115.92 points, or 0.7 percent, to close at 16,373.86, just below of its high of the day. The technology-heavy Nasdaq composite rose 69.71 points, or 1.7 percent, to 4,183.02. Technology companies rose 1.9 percent, the most of the 10 sectors that make up the S&P 500. The nine other sectors also finished higher. Intel climbed $1.01, or 4 percent, to $26.51 after analysts at JPMorgan raised their rating on the chipmak- Now open Saturday's 9am-5pm 20833 Long Branch Drive, Cottonwood (530) 347-3418 See a doctor without the typical emergency room wait or expense. 50% Red Tag Sale Antiques, Unique Fall Sale RED BLUFF 530-917-1138 COMMERCIAL Corner With Great Exposure to Major Traffic. $299,900 15,000 Sq. Ft. With Great Potential. $400,000 OWNER MAY CARRY. 3,200+ Sq. Ft. in Well Established Area. $149,000 High Traffic Area. 1,800 Sq. Ft. $149,000 LOTS & LAND 1.78 AC Level Building Parcel. $22,000 Possible Owner Finance. Nice View Lot. $29,900 Almost 5 AC Lot. Mountain Views. $35,000 2+ AC Commercial Light Industrial Lot Facing 99W. $45,000 3.4+ AC Building Lot in Mountains. $55,000 Tree Studded Lot in Area of Lovely Newer Homes. $90,000 Let Our Knowledgeable And Professional Staff Assist You With All Your Real Estate Needs Today ! 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Shop & Well House. $369,000 Spacious River front Home. 3/3, 2,300+ SF. $399,000 Stocks have had a sluggish start to the year after an exceptional 2013. The S&P 500 index is down 0.5 percent in January after climbing nearly 30 percent last year. Despite the slow start, many investors remain optimistic that stocks will end this year higher as well, and that the current slump will wind up being a pause rather than a collapse. ''Valuations have certainly been pushed higher, Amazing Finds www.lassenmedical.com C & C PROPERTIES er's stock and predicted that demand for PCs will stabilize this year and that the company's CEO will focus on improving margins and returns. Jabil Circuit jumped $1.30, or 7.8 percent, to $17.89 after Goldman Sachs recommended buying the stock of the electronics company, forecasting that its earnings next year could be better than most analysts are expecting. 3351 S. Market St. amazingfindshome.com 9am – 7pm Sun.-Fri. so (stocks) are no longer cheap,'' said Eric Wiegand, senior portfolio manager at U.S. Bank Wealth Management. ''But we would contend that they are still fair.'' Investors were also watching results from two big banks. JPMorgan Chase, the nation's biggest bank by assets, rose 4 cents, or 0.1 percent, to $57.74 after reporting gains in most of its divisions except for investment banking. Wells Fargo rose 3 cents, or 0.1 percent, to $45.59 after the bank's net income rose 11 percent, despite a sharp drop in its mortgage business. The outlook for bank earnings should improve as the economy strengthens said, Jerry Braakman, chief investment officer at First American Trust. Banks should get a lift as longterm interest rates rise, helping to lift the margins on their lending, he said. The yield on the 10-year note climbed to 2.87 percent from 2.83 percent on Monday as investors sold bonds. 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