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8B Daily News – Thursday, January 23, 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 S&P 500 ekes out another small gain; IBM slumps NEW YORK (AP) — The Standard & Poor's 500 index eked out its second small gain of the week Wednesday as investors pored over the latest earnings reports. Norfolk Southern climbed after the railroad company said its fourthquarter profit rose 24 percent, better than Wall Street analysts had forecast. TE Connectivity, an electronics company, was the biggest gainer in the S&P 500 after its earnings beat analysts' expectations and the company posted a strong earnings outlook for the second quarter. Wall Street But there were also some high-profile disappointments. IBM fell after the computing company reported lower-than-expected revenue in the period. AMD slumped after the chipmakers' first-quarter revenue outlook rattled investors. Companies are still increasing their earnings and are forecast to log record quarterly profits for the period, but much of the improvement in recent years has come from cutting costs. As the economy strengthens, investors are increasingly looking for evidence that companies can increase revenue. ''There's not a lot of cost left for companies to squeeze out,'' said Andy Zimmerman, chief investment strategist at DT Investment Partners, an investment advisor. The S&P 500 index rose 1.06 point, or 0.1 percent, to 1,844.86. The index traded within a range of just six points on Wednesday. After a small gain on Tuesday, the index is six points, or 0.3 percent, higher for the week. The Dow Jones industri- Community Events Planning Meeting "11 DAYS OF ROUND UP" – 2014 If your group or organization is planning an event in the days leading up to the Best 3-Day Rodeo in the West PLEASE SEND REPRESENTATIVES TO ATTEND THIS IMPORTANT MEETING! Western-themed events planned to precede and coordinate with the Red Bluff Round-Up need to receive maximum promotion by the Chamber of Commerce, The Daily News and other media in advance of the "11 Days," and as those fun-filled days unfold! When: Wednesday, February 5 10:00 a.m. – 12 Noon Where: Tehama County Farm Bureau 275 Sale Lane, Red Bluff al average fell 41.10 points, or 0.3 percent, to 16,373.34. Most of the Dow's losses came from IBM's slump. The computer service company's stock fell $6.18, or 3.3 percent, to $182.25. In other trading, the Nasdaq composite climbed 17.24 points, or 0.4 percent, to 4,243. Among the day's winners, TE Connectivity jumped $3.70 or 6.6 percent, to $60 after its earnings report. Norfolk Southern climbed $4.23, or 4.8 percent, to $92.94 after the rail company said its fourth-quarter profit rose 24 percent. Despite the lackluster start to the year, most investors see no cause to call an end to the stock market's rally just yet. The S&P 500 is down 0.2 percent in 2014 after a gain of almost 30 percent last year. ''You had a massive run last year,'' said Russ Koesterich, chief investment strategist at BlackRock. ''And it's not unreasonable that the market digests those gains.'' So far, the stock market has failed to get a lift from the company earnings reports that have come out. Companies are forecast to increase their fourthquarter earnings by 5.4 percent over the same period a year earlier to a record $27.77 a share, according to S&P Capital IQ data. That would be a slight decline from the third quarter growth rate of 5.6 percent and lower than last year's pace of 7.7 percent. Much like last year, small companies are again outperforming their larger counterparts. While the S&P 500 has moved sideways since the start of year, the Russell 2000, an index that tracks smaller companies, is up 1.5 percent. The Nasdaq composite is up 1.6 percent. Free 10 minute phone chat. You decide to pay. Need a Physician? Dog Behavior help is available now by phone! Doctors who listen ... Doctors who care. A FREE SERVICE PROVIDED FOR YOUR CONVENIENCE Call toll free $35 for 45 minutes. 530 566 1966 530 529-2700 314 Washington St, Red Bluff, CA Ask about cushy country boarding www.brainydog.com help@brainydog.com www.TehamaCountyRealEstate.com 888.628.1948 www.redbluff.mercy.org When you have an Urgent Health Care need we have the answer. LASSEN MEDICAL URGENT CARE CLINIC Your Hosts: 2450 Sister Mary Columba Drive (530) 527-0414 This advertisement Sponsored as a Community Service by: DAILY NEWS RED BLUFF TEHAMA COUNTY Please call or e-mail to say you'll be there, and what group(s) you'll be representing! (530) 527-6220 or e-mail: info@redbluffchamber.com Open: Monday-Friday 8am-8pm Saturday & Sunday 8am-6pm www.lassenmedical.com