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8B Daily News – Wednesday, June 22, 2011 Stocks rise for fourth straight day on Greek hopes NEW YORK (AP) — Stocks rose for a fourth day straight Tuesday on hopes that a vote of con- fidence in the Greek government will help the country avoid a default. The vote is expected late Tuesday. A success- ful vote could reassure investors that Greece will push through bud- get cuts required to get the latest installment of emergency loans. Wor- ries that a default by Greece could lead to a wider financial crisis have been a drag on markets since early May. Materials producers and other companies whose profits are close- ly tied to global eco- nomic growth had the biggest gains Tuesday. Aluminum producer Alcoa Inc. rose 4 per- cent, leading the 30 companies that make up the Dow. Gains were widespread, with nine out of 10 industry groups higher. Only consumer goods saw a decline. ‘‘One of the reasons we’re more positive than negative on stocks is that there’s so much bad news priced into the markets right now,’’ said Eric Thorne, an invest- ment adviser and senior vice president at of Bryn Mawr Trust Wealth Management, which has $4 billion in assets under manage- ment. ‘‘The bar has been set so low for housing and jobs that it makes us feel like we may be able to jump over that low bar.’’ The S&P 500 index rose 17.16 points, or 1.3 percent, to close at 1295.52. The last time the S&P rose four days straight was at the end of May. VALLEY OAK RACQUET CLUB Summer Clinic All Levels & Ages with Vern Leslie Private or Group Lessons Tennis 933-3668 Swim Lessons with Karen 200-0013 “When you need it done right … Hire only a licensed contractor!” 2011 Tehama County Contractors Guide Publishing the business name, license number and telephone number of all Tehama County building and related contractors in good standing with the State of California, listed by primary professional specialty. Printed Version: 3,000 local distribution, through Spring, 2012 • Chambers of Commerce • Home Improvement Centers • Real Estate and Title Offices • City and County Offices • Advertisers’ Businesses • Magazine size, unbound, high-bright newsprint • Full color positions available Online Version: Publication hosted on the front page of Tehama County’s most visited website: www.redbluffdailynews.com • Online 24/7 through Spring, 2012 • Digital, page-turn technology • Click through from ads online to advertiser’s web page or a free “splash page” • Weekly promotion of the Contractors Guide online in The Daily News’ Real Estate Pages • Note: 2010 online version received 5,051 views! Advertiser Benefits: • One FREE enhanced Bold listing for contractor advertisers over 1/4 page, including up to 18 words of descriptive copy, in addition to basic listing information. • All advertisers: 1 year of an enhanced business listings on The Daily News’ Online Yellow Pages: Just $50.00 (one time!) Advertising Deadline: Tuesday, July 5, 2011 First Distribution/Published Online: Tuesday, July 12, 2011 ADVERTISING RATES (Print and Online Editions): Contractors: Duplicate basic listing under additional contractor categories: $10 ea. 1/8 page 1/4 page Half Page Full Page $65.00 $110.00 $175.00 $310.00 RED BLUFF Inside Front Page $400.00 Back Page: Full color: D NEWSAILY TEHAMACOUNTY T H E V O I C E O F T E H A M A C O U N T Y S I N C E 1 8 8 5 $445.00 Add 20% Call your Daily News advertising representative today (530) 527-2151 Tehama County Business Tell us why and you could win a $100 gift certificate at any Simply answer the question, “What makes the USA unique as a nation?” in 250 words or fewer 3 winners • 1 Youth (18 & under) • 2 Adults Tehama County residents & the deadline for Essays must be written by entries is 5 pm June 27 Submit entries to PO Box 220, Red Bluff, 545 Diamond Ave. in Red Bluff or by e-mail to editor@redbluffdailynews.com and include your name, age and phone number. Winning entries will be published on July 1 in a special Independence Day weekend insert to the Daily News Card Sales start at 6:00 pm Games start at 6:30 pm The Dow Jones industrial average rose 109.63, slightly less than 1 percent, to 12,190.01. The Nasdaq composite rose 57.60, or 2.2 percent, to 2,687.26. Before posting a small gain last week, stocks indexes fell for six straight weeks after reaching a peak for the year on April 29. Another reason stocks are rising is that analysts expect corpo- rate earnings growth to remain strong. That’s despite more than a dozen reports since May that showed the U.S. economy has slowed. Home prices and sales have declined, manufac- turing growth has slowed and the job mar- ket remains weak. Even so, analysts sur- percent after increasing its quarterly dividend 7 percent, to 16 cents per share. The electronics retailer also approved a program to buy back up to $5 billion of its stock. Walgreen, the biggest U.S. drugstore chain, fell 4.2 percent after saying negotiations to stay in Express Script’s pharmacy provider net- work have reached an impasse. Their deal, worth $5.3 billion in revenue this fiscal year, expires at the end of 2011. European stocks climbed. The gains accelerated through the day after U.S. stocks moved higher. France’s CAC 40 index rose 2 percent, and Germany’s DAX index rose 1.9 per- cent. The Federal Reserve veyed by FactSet fore- cast that companies in the Standard & Poor’s 500 index will earn 14 percent more in the sec- ond quarter compared with last year. Large U.S. companies begin reporting quarterly results in early July. Carnival Corp. rose 4.2 percent after the cruise operator reported revenue and earnings that beat expectations. Best Buy Co. rose 2.6 began a two-day policy meeting Tuesday. Econ- omists expect the cen- tral bank to keep inter- est rates at record lows, but most say the Fed won’t announce another round of bond buying to help boost the economy. Six stocks rose for every one that fell on the New York Stock Exchange. Trading vol- ume was 3.6 billion shares. Oh Snap! The Daily News wants your photos: Cute kids, Adorable pets, Inspirational sights, Any shot you think readers would enjoy You might just see it in the Daily News Send pictures to editor@redbluffdailynews.com or drop off at 545 Diamond Ave. in Red Bluff. Include a caption.