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8B Daily News – Thursday, February 23, 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 Making Room for Our New Merchandise 50-60% off retail READER PHOTOS the oldies still hanging around SAVE BIG on our Red Tag Sale Submitted by Kim Birdsong "Happy birthday Larry Birdsong." "My niece Kaylie's hamster, Snowflake." NEW YORK (AP) — A day after Dow 13,000, investors took a break. Stocks closed lower Stocks lower a day after Dow's blip above 13,000 Wall Street corporate earnings have been a key factor, Cote said. Wednesday for the first time in four trading days. The Dow Jones industrial average lost 27.02 points to finish at 12,938.67. The day before, it briefly passed 13,000 for the first time since May 2008. Some investors wor- ried about the details of a bailout deal reached for Greece this week. But analysts said investors were mostly in a holding pattern after seeing the market hit an important psychological mark. ''The market is paus- ing for the next slew of good news,'' said Doug Cote, chief market strategist at ING Invest- ment Management. ''The real U.S. economy continues to march along while the atten- tion is on Europe.'' On Thursday, the government will give the latest reading on unemployment claims. They have been declin- ing steadily and fell last week to 348,000, the lowest since March 2008. The Dow has lost ground on just four of the past 11 trading days. It's been trading at or near four-year highs for three weeks and is up 6 percent this year. Strong On Wednesday, the Dow traded in a range of just 63 points. Over the past year, it has had smaller trading ranges on only nine other days. The average daily range over that time has been 181 points. Financial stocks led the market lower. Investors worried that a $170 billion bailout for Greece, announced Tuesday, would not be enough to keep the debt- laden country from eventually defaulting and possibly leaving the euro currency group. Greece says the bailout, plus an agree- ment it hopes to secure from investors to take losses on Greek govern- ment bonds, will keep it in the euro group. ''There is no issue of the country's financial $ 15 Off regular price With this ad! • Same Day Service • Free E-File • Check Our Price • Over 45 Years Experience P. Ralph Campbell, EA Enrolled Agent Daniele Jackson 530-529-9540 855 Walnut St. #2, Red Bluff 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. collapse,'' Finance Min- ister Evangelos Venize- los said. The Greek economy is entering its fifth year of recession. Fitch rat- ings agency downgrad- ed Greece further into junk status Wednesday, to a rating of C, one notch above default. In the U.S., the Stan- dard & Poor's 500 lost 4.55 points to close at 1,357.66. The Nasdaq composite index declined 15.40 points to 2,933.17. Volume was lighter than average, 3.6 billion shares. All three major aver- ages are well ahead for the year. The Dow is up 5.9 percent, the S&P 8 percent and the Nasdaq 12.6 percent. ''The market has done well in the face of some pretty low expec- tations,'' said Todd Salamone of Schaeffer's Investment Research. ''Right now we're just seeing a few speed bumps.'' Salamone said he believes investors will keeping focusing on negative news overseas despite better news on the U.S. economy. Last week, Congress extend- ed a cut in the Social Security payroll tax, worth $1,000 for some- one making $50,000 a year. European markets closed lower. In Asia, stocks mostly rose even after a fairly weak Chi- nese manufacturing sur- vey. The dollar rose to a seven-month high against the Japanese yen. U.S. Treasury prices edged higher, and the yield on the 10-year U.S. Treasury note fell to 2 percent from 2.05 percent. Among U.S. stocks making big moves: — Computer maker James W. Tysinger, Jr. M.D. Eye Physician & Surgeon Fellow American Academy of Ophthalmology We accept Medical, Medicare & most Insurances Office Hours: Tues-Wed-Thurs 8am-4:30pm Mon & Fri 1pm-4:30pm For Emergencies, After Hours, Week-ends, Call 530-567-5001 345 Hickory St. Red Bluff Tel: (530) 529-4733 Fax: (530) 529-1114 Submitted by Susan German Dell fell 6 percent after reporting an 18 percent drop in first-quarter profit. The company was hurt by slow sales to government agencies, tough competition from Apple and flooding in Thailand that disrupted its supplies. — Toll Brothers Inc., the luxury homebuilder, fell 5 percent after post- ing a quarterly loss. It did report more signed contracts and a bigger backlog, encouraging measures for coming months. — Garmin Ltd., which makes GPS sys- tems, jumped 9 percent after its quarterly net income rose 25 percent on higher prices and sales. The company's results and 2012 rev- enue forecast beat Wall Street's expectations. Newly Remodeled! RIDGEWAY PARK RECREATION HALL & GYMNASIUM Available for events, meetings & team practices Tehama County Parks for reservation information Reasonable rates Call An alcohol-free facility 528-1111