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6B Daily News – Thursday, July 21, 2011 Furniture DEPOT RECEIVE ADDITIONAL SAVINGS 235 S Main St., Red Bluff 530 527-1657 www.thefurnituredepot.net HOURS: MONDAY-FRIDAY 9:00-6:00 SATURDAY 9:00-5:00 • SUNDAY 11:00-5:00 $50 - $100 - $200 on selected Recliners • Mattress sets Bedroom Sets • Dining Sets • Sofa & Loveseat sets NEW YORK (AP) — A rally over hopes for a debt-limit deal turned into a waiting game for investors. One day after the Dow Jones industrial average had its best day this year, the stock market edged lower on Wednesday. Analysts say concerns about lifting the U.S. debt limit outweighed strong earnings from Apple and a slew of new corporate deals. ‘‘In this environment, stringing together a few days like yesterday is going to be tough,’’ said bration. The Dow Jones indus- Brad Sorensen, director of market analysis at Charles Schwab. Apparent progress on raising the U.S. debt limit launched a stock market rally Tuesday. The Dow jumped 202 points, its best day this year. But investors woke trial average fell 15.51 points, or 0.1 percent, to close at 12,571.91. The S&P 500 index dropped 0.89 point to 1,325.84. The Nasdaq fell 12.29 points, or 0.4 per- cent, to 2,814.23. up Wednesday to find Wash- ington still at a stalemate. And with less than two weeks before the govern- ment risks defaulting on its debt, they are finding it hard to continue the cele- Sun is out Time to feed your garden! We carry a full line of Nutrients, Guano, Fish Meal, Bone Meal. Insect Spray and Bait for grasshoppers! All size stakes and ties. 22755 Antelope Blvd. Red Bluff, CA 96080 (530) 527-9166 Hours: 10-6 Monday thru Saturday We accept Visa, M/C and Discover, Debit Cards Ehorns Apple Inc. rose 2.7 percent after the compa- ny’s income doubled last quarter. Sales of Apple’s iPhones quadrupled in Asia. The stock of Zillow, a real estate website, jumped 79 percent in its first day of trading to $35.77. Zillow’s initial public offering of stock priced at $20 late Tues- day. Clorox rose 2.4 percent after billionaire investor Carl Icahn raised his bid for the company to $80 a share. The consumer products company reject- ed his previous offer. News of record earn- ings and new deals would usually brighten investors’ mood, Soren- son said. In the current earnings season, for instance, some 75 percent of companies in the Stan- dard & Poor’s 500 index have beaten analysts’ esti- mates. But larger worries about debt troubles in the U.S. and Europe are hold- ing the market back. ‘‘It’s causing investors and businesses and consumers to be concerned about the future,’’ he said. COMPLETE AUTO REPAIR All makes and models. We perform dealer recommened 30K, 60K, 90K SERVICES AT LOWER PRICES Smog Check starting at $ (most cars and pick-ups) 2595 + cert. Pass or FREE retest 527-9841 • 195 S. Main St. ORIGINAL SWAT BOOTS IN STOCK ANTIQUES & MORE... UPSTAIRS GRAND OPENING! 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E-Trade’s largest shareholder urged the online discount brokerage to consider putting itself up for sale. In a letter to E-Trade disclosed in a regulatory filing, the money manager Citadel LLC called for changes to the company’s board, say- ing E-Trade’s ‘‘phenome- nal franchise’’ had been ‘‘squandered.’’ stress tests on European banks released last week failed to calm fears that the crisis could soon turn worse. The tests didn’t take into account the pos- sibility that most analysts are worried about: a default by Greece or Por- tugal, two of the countries Cleaning and pest-con- trol services company Ecolab Inc. said it would buy the water treatment company Nalco Holding Co. for $5.4 billion. Nalco soared 24 percent while Ecolab dropped 7.3 per- cent. Tuesday’s rally turned the three major indexes positive for the month. The Dow and Nasdaq are now up more than 1 per- cent in July. The S&P 500 is up 0.4 percent. 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