Issue link: https://www.epageflip.net/i/25267
8B – Daily News – Wednesday, February 16, 2011 NEW YORK (AP) — A surprisingly weak retail sales report drove stocks lower on Tuesday, giving the Dow Jones industrial average its second straight day of losses. Stocks fall after surprisingly weak retail sales Wall Street are going to buy less.’’ Energy companies led The Commerce Department said Tuesday that retail sales rose just 0.3 percent in January, the smallest increase since June and half of what economists had predicted. Kim Caughey Forrest, equity research analyst at Fort Pitt Capital Group, said higher prices for gasoline and raw materi- als are beginning to be passed along to con- sumers. That’s hurting retail sales and spending, she said. ‘‘Without wage gains,’’ she said, ‘‘people the way down. Exxon Mobil Corp. lost 2.3 per- cent, the largest drop among the 30 large com- panies that make up the Dow. Exxon Mobil said it added 3.5 billion bar- rels of oil and gas last year to the company’s massive reserves, more than twice what Exxon produced in 2010. The Dow fell 41.55, or 0.3 percent, to close at A local event – part of a national campaign to promote physical activity for American Indians and Alaska Natives 12,226.64. That’s only the third day this month the Dow has closed lower. The Standard & Poor’s 500 index fell 4.31, or 0.3 percent, to 1,328.01. The Nasdaq composite index fell 12.83, or 0.5 percent, to 2,804.35. The parent company of the New York Stock Exchange agreed to com- bine with the operator of the Frankfurt stock exchange, Deutsche Boerse AG, creating the world’s largest financial markets company. Shares of both compa- nies fell after the deal was announced. NYSE Euronext’s shares lost 3.4 percent in New York, while Deutsche Boerse’s lost 2.4 percent in Frank- furt. One of NYSE’s biggest competitors, Nasdaq OMX Group Inc., fell 4.6 percent. 13 DAYS LEFT TO VOTE! A series of non-competitive walks and runs open to families, individuals of all ages and people of all cultures. Friday, February 18 11:30 AM-12:30 PM Registration and Start Grocery Outlet 388 South Main St., Red Bluff • The first 200 registrants who participate receive a bracelet that can be stamped after the event • Come meet the BeastUP Fight Team The goal is simple: Just get people moving – for health, emotional well-being … and FUN! For more information contact Avery Vilche at 200-2224 or Renee Timmons at 567-5528 Co-Sponsored by: D NEWSAILY RED BLUFF TEHAMACOUNTY Tehama County Businesses! Online Ballots Only at www.redbluffdailynews.com Five Lucky Voters will be selected at random from all eligible ballots on March 1. Each will receive a $100 Shopping Spree at the Tehama County business of their choice! Vote for your favorite Limelight Networks Inc. jumped 27 percent after the provider of streaming video services narrowed its fourth-quar- ter loss and issued a bet- ter-than-expected fore- cast for the current quar- ter. The company is ben- efiting from consumers turning to the Internet to watch TV and movies; one of its customers is online video company Netflix Inc. Roughly three stocks fell for every one that rose on the New York Stock Exchange. Trading volume was 929 million shares. • Everyday Cheapskate • Coupon Queen • Gleaners The Daily News - At your side when times are tough 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