Issue link: https://www.epageflip.net/i/53221
8B Daily News – Saturday, January 21, 2012 Furniture DEPOT 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 Save up to50%off retail NEW YORK (AP) — IBM and Microsoft drove the Dow Jones industrial average higher Friday after the tech giants reported stronger earnings than ana- lysts expected. Microsoft and IBM push Dow up, Google falls Wall Street Microsoft said sales of Xbox games and Office software helped push rev- enue up in the last quarter of 2011. IBM credited better sales of software and ser- vices and raised its earnings outlook for the year. Microsoft rose 6 percent and IBM rose 4 percent. The Dow rose 96.50 points to close at 12,720.48. That's a gain of 0.8 percent. Without the huge gains in IBM and Microsoft, the Dow would have risen just 24 points. The S&P 500 index inched up 0.88 to 1,315.38. Both the Dow and S&P ended the week with gains of more than 2 percent. Plenty of things are going right, said Frank Fan- tozzi, CEO of Planned Financial Services, an inde- pendent wealth manager in Cleveland. Applications for unemployment benefits dropped last week to the lowest level in nearly four years. Housing sales are steadily rising. And most companies are reporting better profits. ''Overall, we're moving in the right direction and it's bolstered the market,'' Fan- tozzi said. ''The S&P get- ting over 1,300 this week is a nice sign.'' Google lost 8.4 percent WE ARE YOUR RESOLUTION SOLUTION! NOW OVER 300,000 PAGE VIEWS PER MONTH! D NEWSAILY RED BLUFF TEHAMACOUNTY www.redbluffdailynews.com Now! Print Daily News subscribers enjoy unlimited FREE website access 24/7! What are you waiting for? Make the commitment and get the body you deserve in 2012! See why our members get results! Tehama Family Fitness Center 2498 South Main St • Red Bluff 528-8656 www.tehamafamilyfitness.com Counseling Center after its earnings per share fell a dollar short of ana- lysts' estimates. The misfire stemmed from an 8 percent drop in prices that the Inter- net search giant charges advertisers for each click. Google's drop tugged the Nasdaq composite index lower. It fell 1.63 points to 2,786.70. Even though high-pro- file companies such as Google and JPMorgan Chase have posted disap- pointing earnings results in the past week, the trend is moving in the opposite direction. Of the 60 compa- nies in the S&P index that have reported earnings so far, 62 percent have beaten estimates, according to John Butters, senior earn- ings analyst at FactSet Research. Stocks have been on a slow and steady climb to start 2012. The S&P 500 has closed higher on 11 of 13 days and is now up 4.6 percent for the year. Counseling Center Giving Families Hope! Did you think we were just for children? • Individual & Family Counseling • Couple/Relationship Issues • Anger • Depression • Anxiety • Emotional Trauma • Family Relationships • Parenting Call our office for more info. 529-9454 Red Bluff 590 Antelope Blvd. Suite B-30 Corning 275 Solano Street #2