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8B Daily News – Thursday, April 26, 2012 Furniture Depot 235 So. Main St., Red Bluff 527-1657 SAT. 9:00-5:00 • SUN. 11:00-5:00 MON.-FRI. 9:00-6:00 NEW YORK (AP) — The Nasdaq composite index shot 2 percent higher Wednesday, powered by a surge in Apple. The iPhone maker's stock climbed $50 after the company once again blew past Wall Street's profit forecasts. With Apple's help, the technology-focused Nasdaq posted its best day this year. Apple, the biggest com- ponent of the index by far, climbed 8.9 percent after reporting that its earnings doubled in the first three months of the year. The company sold 35 million iPhones, twice as many as in the same quarter a year ago. The surge made back about half of what Apple's stock lost in the two weeks before its earnings announcement late Tues- day. One reason for the slump was an analyst's sug- gestion that Apple could not keep up the momentum in iPhone sales. valuable public company in the world, hit $644 in intra- Stock in Apple, the most day trading on April 10 and slid as low as $555 on Tues- day. Furniture Depot would like to introduce the 10 Stop by and see how affordable owning a Tempur-pedic can be Apple's blowout quarter propels Nasdaq to big gain Wall Street June. Apple jumped nearly $50 to $610 on Wednesday. The gain helped power the Nasdaq up 68.03 points to 3,029.63. Apple makes up 12 percent of the Nasdaq. The Nasdaq rose more than other market indexes thanks to its heavy weight- ing of Apple shares. The Standard & Poor's 500 index includes Apple; the Dow Jones industrial aver- age doesn't. The Dow gained 89.16 points to close at 13,090.72, a 0.7 percent increase. The S&P 500 index rose 18.72 points, or 1.4 percent, to 1,390.69. Apple accounts for 4 percent of the S&P 500. growing list of companies that have reported surpris- ingly strong first-quarter earnings. Through last week, eight out of 10 com- panies that reported earn- The tech giant joined a CARE TO COMMENT? At redbluffdailynews.com, scroll to the end of any story, click the link and type away. C & C PROPERTIES 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. 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Even so, the S&P 500 index is still down 1 percent for the month. ''Sure, earnings are a lot better than expected, but this looks like a quarter where the market doesn't react to that,'' said Brian Gendreau, market strategist at Cetera Financial. ''I don't think that the positive earn- ings season we've had is enough to shake this market out of its trading range.'' Technology stocks in the S&P 500 gained 3 percent as a group, the best-per- forming industry in the mar- ket. Material and consumer- discretionary companies also had a strong day. Financial markets barely Some European markets posted strong gains. Benchmark stock indexes rose 3 percent in Italy and 2 percent in France. Ger- many's market gained 1.7 percent. British shares rose just 0.2 percent following news that the British econ- omy fell back into reces- sion for the first time since 2009. For Europe, Apple may not be an economic bell- wether, but analysts said it's a valuable gauge of confi- dence in markets. budged after the Federal Reserve said it would stick with its plan to keep a key short-term interest rate near zero. The Fed detailed no plans to extend its bond- buying program when the current iteration ends in Among other stocks making moves: — Boeing rose 5 per- cent, the best performer among the 30 stocks that make up the Dow. Its first- quarter profit soared 58 per- cent. Airlines around the world are updating their fleets with more fuel-effi- cient planes. — Harley-Davidson jumped 6 percent. U.S. sales of the company's motorcycles soared 26 per- cent in the first three months of the year, the fourth straight increase. The com- pany credited the gain to a better U.S. economy and a restructuring program the company put in place four years ago. Burger King makes cage-free promise (AP) — Burger King on Wednes- day became the first major U.S. fast- food chain to pledge that all of its eggs and pork will come from cage-free chickens and pigs by 2017. The move by the world's second- biggest burger chain helps it satisfy growing demand among customers for humanely produced fare and adds fuel to an industry-wide shift to consider animal welfare when purchasing food supplies. ''There's no question in my mind, especially on the heels of pink slime and BPA, that everyone in the food you want to buy it from someone you like and respect,'' said Lempert, who writes a daily industry newsletter. ''It's proven that consumers are willing to pay a little bit more for fairness, whether it's to humans or animals.'' Conventionally raised eggs come from hens confined in ''battery cages,'' world is very concerned about con- sumer reaction,'' said food industry analyst Phil Lempert, referring to the beef-based food additive and the chemical used in plastic bottles and canned food. ''Even if you're buying a burger, Feeling Stuck? Make confident choices inspired by God National speaker, Brian Talcott, is a practitioner and teacher of Christian Science healing and a member of the Christian Science Board of Lectureship. Sunday April 29, 2012 • 2:30PM Redding Library Community Room 1100 Parkview Ave. For info call 241-1541 • Child care provided which give them roughly the same space as a sheet of standard notebook paper. Most pork comes from sows confined during their four-month preg- nancies in narrow crates. The hens would still be housed in a barn, but they have room to roam and perches and nesting boxes. Sows are also held indoors, but they would not be confined in the cramped crates while they are pregnant. Producers have argued that easing confinement standards for animals raises production costs and makes them less competitive.