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8B Daily News – Thursday, August 9, 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 A rally on Wall Street fades; Priceline tanks Wall Street By DANIEL WAGNER AP Business Writer A stock market rally lost steam Wednesday after mixed earnings from U.S. companies added to fears about Europe's eco- nomic slowdown. Several big consumer goods companies warned that weak demand in Europe was cutting into their revenue. That fol- lowed worrisome eco- nomic news from Eng- land, France and Ger- many, where growth had offset recessions in other European countries like Italy and Greece. indexes closed little changed. The Dow Jones industrial average fin- ished up 7.04 points, or 0.1 percent, at 13,175.64. The Standard & Poor's 500 index added 0.87 point, or 0.1 percent, to 1,402.22. The Nasdaq closed down 4.61 points, or 0.2 percent, at 3,011.25. The Dow had risen 290 Major U.S. stock points over the previous three trading days. On Tuesday, the S&P 500 passed 1,400 and the Nas- daq composite closed above 3,000, both for the first time since early May. As stocks in New York traded tentatively, the dol- lar rose against the euro, a sign that investors are becoming more fearful. ''It's not unusual for the market to pull back a bit after a strong move, absorb the latest earnings news and look to see the next catalyst to move higher,'' Quincy Krosby, market strategist with Prudential Financial, said. The market is being held back in part by reports from consumer- goods companies that weak sales in Europe are hurting revenue, Krosby said. Consumer discre- tionary stocks fell the most among the 10 indus- try groups in the S&P 500. McDonalds fell $1.48 to $87.53 after the com- pany said a key revenue figure came in flat in July as the weakening global economy took a toll on customers of the world's biggest burger chain. McDonalds was the weakest stock in the Dow. PRESERVING THE HARVEST Learn different ways to preserve your harvest; drying, canning, freezing, candied, etc. Come get inspired! TODAY @ 10AM-FREE CLASS *Call now to reserve your seat. HOT AUGUST SALE - NOW ON 20% Off Classes & Events Yard Decor. The Entire Month of August! All in-stock Concrete and Wrought Iron ' ~~~~~~~~~~~~~~~~~~~~~~~ COOL SEASON VEGGIES Class Saturday, August 25th @ 10am-Free Learn to grow a cool-season garden. Please call to reserve a seat. WYNTOUR GARDENS 365-2256 8026 Airport Road, Redding Located 1 mile south of the Airport (Next to Kents Mkt) Open Mon-Sat 8-5 & Sunday's 10-4 wyntourgardens.com Facebook more than $100 after warning investors late Tuesday that its third- quarter revenue and income would come in far below analysts' fore- casts because of the deepening malaise in Europe. Priceline's stock sank $117.48, or 17.3 percent, to $562.32. Priceline's travails dragged on other online travel sites. TripAdvisor fell $1.89 to $36.77 and Expedia lost $2.73 to $56.14 percent. That made them three of the five biggest losers in the S&P 500 index. RED TAG ITEMS 1/2 off nies making big moves: — Macy's rose $1.01, or 2.7 percent, to $38.01 after the department store chain said its net income in the second quarter rose 16 percent and beat ana- lysts' estimates. Ralph Lauren fell $1.68 to $151.35 after the company forecast a rev- enue decline in the cur- rent quarter and cau- tioned that the weak global economy might reduce spending on its clothes and housewares. ''It's no longer a theo- retical argument that Europe is hampering earnings for American companies,'' Priceline.com fell said. ''It's a reality, and you're seeing that today.'' Earlier Wednesday, the Bank of England said it expects the country's economy to stagnate this year. Only three months earlier, in its previous quarterly inflation report, the BOE had forecast annual growth of 0.8 per- cent. Krosby Separately, the French — Alpha Natural Resources fell 60 cents, or 8.7 percent, to $6.30 after reporting a wider net loss in the second quarter. The coal producer is struggling to compete with cheap natural gas. — Dean Foods soared $5.04, or 40.6 percent, to $17.46 after the company posted a second-quarter profit, raised its full-year forecast and announced the initial public offering of a dairy subsidiary that makes Horizon Organic milk and Land O' Lakes butter. It was the biggest percentage gain by far of any stock in the S&P 500. central bank said it expects France's econo- my to contract in the third quarter, the second pullback in a row. lowered its outlook on Greece's long-term credit rating, saying the bailed- out nation will likely need more aid from its international lenders as its economy crumbles and leaders delay impos- ing harsh austerity mea- sures. Standard & Poor's SAN FRANCISCO (AP) — Google is creating an information bridge between its influential Internet search engine and its widely used Gmail service in its latest attempt to deliver more personal responses more quickly. The experimental feature unveiled Wednesday will enable Google's search engine to mine the correspon- dence stored within a user's Gmail And in Germany, industrial output and exports dropped sharply in June, a sign that Europe's strongest econ- omy might finally be suc- cumbing to the regional crisis. Bloomin' Brands Inc., operator of the Outback Steakhouse and other restaurant chains, jumped $1.41, or 12.8 percent, to $12.41 in its first day of trading on the Nasdaq. Among other compa- account for any data tied to a search request. For example, a query contain- ing the word ''Amazon'' would pull emails with shipping information sent by the online retailer. — Higher One Hold- ings Inc., which markets financial services to mil- lions of U.S. higher edu- cation students, fell 38 cents to $11.13 after the company said its second- quarter net income declined and fell far short of analysts' expectations. Federal regulators announced Wednesday that the company had agreed to refund millions in excessive fees charged to students who used its cards. Google to include people's Gmail in search results be shown to the right of the main results, though in some instances, the top of the search page will high- light an answer extracted directly from an email. For example, the Such Gmail results will typically request ''my flight'' will show spe- cific airline information imported from Gmail. Something similar could eventually happen when searching for a restaurant reservation or tickets to a concert. 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