Issue link: https://www.epageflip.net/i/62342
8B Daily News– Wednesday, April 18, 2012 MON.-FRI. 9:00-5:30 • SAT. 9:00 -5:00 • CLOSED SUNDAYS FURNITURE DEPOT MATTRESS NORTH VALLEY MON.-THURS. 9:00-6:00 • FRI. 9:00-7:00 • SAT. 9:00-5:00 • SUN. 11:00-5:00 235 So. Main St., Red Bluff 527-1657 632 Main St., Red Bluff 527-5837 (AP) — Stocks stormed higher Tuesday after promising signals about the profitability of U.S. companies and a strong debt auction by Spain. The Dow Jones industrial aver- age rose for the fourth day in five and posted its biggest gain in a month. European stocks had their best day in four months after Spain, the lat- est flashpoint in the Euro- pean debt crisis, attracted strong investor interest at an auction of two-year debt. Spain's borrowing costs fell, as measured by the yields on Spanish bonds being traded in the market. In recent days, those yields had risen closer to levels that might force Spain to seek an international bailout. ''There's no doubt that Mattress Sets & Adjustable Bed Financing & Delivery Available • FREE pillows • FREE delivery • FREE disposal With purchase of Tempurpedic mattress sets only. Stocks jump after strong profits Wall Street management, said of the debt auction. ''The market is reassessing and feeling a little better.'' The Dow Jones indus- Mogavero, a floor broker at the New York Stock Exchange and founder and CEO of Mogavero Lee & Co. Inc., a small brokerage of stocks for institutional clients. trial average closed up 194.13 points, or 1.5 per- cent, at 13,115.54. It was up as much as 210 points Tuesday afternoon. The Dow has had only one 200-point rise this year, a gain of 218 points on March 13. gave the market a second wind,'' Anthony Chan, chief economist with J.P. Morgan Private Wealth have begun to pour in from companies, and traders have been impressed so far. On Tuesday, Coca- Cola said its first-quarter profit was better than Wall Street analysts had fore- cast. Goldman Sachs and Johnson & Johnson also posted strong results. ''This earnings season, First-quarter results expectations were low, and it's going to be easy to beat that,'' said Doreen After nine straight quarters of growth, earn- ings for companies in the S&P 500 index were expected to be roughly flat for the first quarter. The slowdown was expected because of global threats from Europe and China and the difficulty of beat- ing double-digit gains in recent quarters. ''They talked earnings SATURDAY, APRIL 28 - 7 A.M. ROLLING HILLS CASINO 9th & 10th. 2012 Wed., April 18th MEET & GREET 3:30-5:30pm @ Cornerstone Community Bank BULL FIGHTER 1st Annual RED BLUFF ROUND-UP BLOOD DRIVE 12:30-5:30pm, Veterans Hall RODEO SLACK 8am BARREL RACE 4pm Tehama District Fairgrounds, Pauline Davis Pavilion Also...TIMED EVENT SLACK Friday, 9am LOCAL COWBOY POETRY & KIDS' COWBOY POETRY CONTESTS 7pm @ Tehama County Library, Red Bluff Branch 9th & 10th. C & C PROPERTIES down for three weeks ahead of the announce- ments,'' agreed Kenneth Polcari, a floor broker and managing director with the giant brokerage ICAP Equities. ''They've low- ered the bar so much that when the announcements come in, it's like, 'Look how good everyone is doing,''' he said. While stocks have not returned to the lurching moves of last summer, the market has been more volatile in April than it was in January, February and March. In the first quarter, while stocks rose smooth- ly, there were only six is growing more volatile in part because the number of shares traded remains rela- tively low. About 3.44 bil- lion shares of NYSE-listed stocks were traded on Monday. ''There's so little vol- ume these days that some movement in any direction is going to be exaggerated by not as many people trad- ing as you'd like to see,'' said Michael Guli, director of Knight Capital Americ- as, an international finan- cial services company. Indexes move sharply when volumes are low because the action is driven by a handful of short-term traders, rather than by big movements of money managed by insti- tutional asset managers, Polcari said. ''If you had real asset managers playing, you'd see volume exploding, and you're not seeing it. The lack of participation by big asset managers is letting the day traders and high- frequency trading guys drive the market and create the volatility,'' he said. more 741 Main Street, Suite #2 Red Bluff, CA 96080 1-800-287-2187 (530) 527-2187 An Independently owned and operated Member of Coldwell Banker Residential Affiliates. FOR 24/7 PROPERTY INFO CALL 1-888-902-7253 AND ENTER THE PROPERTY CODE FROM THE AD. FORECLOSURES AND HOMES UNDER $200,000 2 bd 2 ba 1000 sq.ft. $9,999 2 bd 2 ba Prop Code 4249 $27,000 Prop Code 4019 ST BEFORE THURSDAY, APRIL 26 TO RESERVE YOUR SPOT. 2 bd 2 ba 1248 sq.ft. $29,900 Prop Code 4359 2 bd 2 ba 1344 sq.ft. $29,995 Prop Code 24469 3 bd 2 ba 1056 sq.ft. $32,000 Prop Code 4089 2 bd 1 ba 924 sq.ft. $69,900 Prop Code 4039 3 bd 2 ba 1344 sq.ft. $69,900 Prop Code 24409 4 bd 2 ba 1782 sq.ft. $69,900 Prop Code 4059 1 bd 1 ba 912 sq.ft. $72,000 Prop Code 4129 3 bd 2 ba 1790 sq.ft. $95,900 Prop Code 4759 2 bd 2 ba 1248 sq.ft. $115,900 Prop Code 4949 2 bd 2 ba 1344 sq.ft. $120,000 Prop Code 4009 3 bd 1 ba 2200 sq.ft. $120,000 Prop Code 4049 2 bd 2 ba 1312 sq.ft. $150,000 Prop Code 4069 3 bd 2 ba 1152 sq.ft. $165,000 Prop Code 4109 3 bd 2 ba 1596 sq.ft. $179,500 Prop Code 4899 TEHAMA COUNTY REAL ESTATE TEAM • OPEN 7 DAYS A WEEK www.redbluffcoldwellbanker.com See All Tehama County Listings at days on which the Dow rose or fell by 100 points. There have been six more in just 11 trading days in April. Traders said the market 91