Red Bluff Daily News

February 03, 2011

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6B – Daily News – Thursday, February 3, 2011 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) — Stocks ended Wednesday mixed, a day after the Dow Jones industrial average closed above 12,000 for the first time since June 2008. The Dow traded in a tight range throughout the day as investors weighed the impact of unrest in Egypt against better-than- expected news on the job market. ‘‘The market seems to be catching its breath after that strong run Tuesday,’’ said Alan Gayle, senior investment strategist for RidgeWorth Investments. Traders’ television Final Week of Clearance Recliner Latex Queen Mattress Sets screens were filled with scenes of fighting in Egypt between groups that sup- port President Hosni Mubarak and those who are calling for his ouster. Mubarak vowed Tuesday that he will not run for president in September but did not say he would take any steps to leave office before then. 20% off All Orange Tags Additional Stocks mixed a day after Dow tops 12,000 Wall Street Egypt is not a major producer of oil but controls the Suez Canal, a key ship- ping lane in the global oil business. Oil prices fluctu- ated throughout the day as traders balanced the clash- es in Egypt with a report that fuel supplies were growing in the U.S. Oil set- tled 9 cents higher at $90.86 a barrel on the New York Mercantile Exchange. The Dow rose 1.81 points to end the day at 12,041.97. That’s the high- est close since June 19, 2008. The Standard & Poor’s 500 index lost 3.56 points, or 0.3 percent, to 1,304.03. Nine of its 10 company Alan Wylie Inspector 4950 Mountain Lakes Blvd #B Redding, CA 96003 Mobile: 530/638-1015 TERMITE INSPECTION FREE & UP TO 15% OFF TERMITE TREATMENT SERVICE* or PEST EVALUATION FREE & SAVE 10% OFF PEST CONTROL SERVICE* groups fell. Financial com- panies had the largest fall of any group, dropping 0.9 percent. The Nasdaq composite lost 1.63 points, or less than 0.1 percent, to 2,749.56. Early Wednesday, pay- roll processor ADP said that private companies added more jobs in January than analysts predicted. That’s a hopeful sign for the Labor Department’s monthly employment report, due out Friday. Economists expect the *NOW OPEN* Bareroot Trees and Berries are in! Time to plant 1 1/2 miles South of Red Bluff 12645 Hwy 99E (530) 529-2546 government to say the unemployment rate rose to 9.5 percent in January from 9.4 percent the previous month. Time Warner Inc. rose almost 9 percent after the owner of Warner Bros., HBO and CNN said its fourth-quarter profit jumped 22 percent. The company also raised its 2011 forecasts. Video game publisher Electronic Arts Inc. jumped 16 percent after the company also raised its profit forecast. The compa- ny was the best performer in the S&P 500. Treasury prices fell, pushing their yields higher. The yield on the 10-year Treasury note rose to 3.48 percent from 3.43 percent late Tuesday. Falling shares outpaced rising ones by a small mar- gin on the New York Stock Exchange. Trading volume came to 4.15 billion shares. COMFORT SERVICE INC. Air Conditioning & Heating Tehama Counties Factory authorized Bryant Dealer Your First Call For Comfort • RESIDENTIAL • COMMERCIAL • NEW CONSTRUCTION • SALES • SERVICE • REPAIRS 24 HOUR SERVICE 530 529-1990 Lic #593323 www.CascadeComfort.com $10 OFF SERVICE CALL Mention this ad for Whatever it takessm CASCADE Orange

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