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8B Daily News – Saturday, August 18, 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 Friday, rising not-too-impressively in the morning and then mostly laying around for the rest of the day. Positive news from retailers was the main reason U.S. indexes posted small gains. Apple helped too by hitting a new high. Traders in both the U.S. and Europe are on vacation, Stocks up slightly on strong retail results Wall Street (AP)—Stocks resembled summer vacationers on so volumes were low. And the dog days continued for Facebook. A 4 percent decline left it shares at about half the price of its May initial public offering. The Dow Jones industrial average rose 25.09 points to close at 13,275.20. The Standard & Poor's 500 index rose 2.65 points to close at 1,418.16. The Nasdaq rose 14.20 points to close at 3,076.59. The modest gains put some indexes close to their highs for the year. The Dow is now within four points of 13,279, its high for the year set on May 1. The S&P 500 is within one point of its four-year high set on April 1. The Dow has now risen eight out of the last 11 days and finished the week up a half-percent. The Dow is sporting a gain for the year of almost 8.7 percent for the year, while the S&P 500 is up almost 12.7 percent. Next week is likely to be more eventful. Investors will get Chinese housing reports, minutes from a close- ly-watched Federal Reserve meeting, and jobless claims. And Europe's problems, which were mostly off center stage in recent days, return front-and-center as German Chancellor Angela Merkel meets in Berlin with Greek Prime Minister Antonis Samaras to talk about progress in overcoming Greece's debt crisis. ''Next week, you have somebody say something that no one expects, in thin trading it could really move markets around,'' said John Canally, investment strate- gist at LPL Financial. Strong retail earnings and outlooks drove Friday's gains. Gap Inc. shares rose 4.8 percent after it boosted its outlook and posted a 29 percent jump in net income. That suggests the operator of Gap, Old Navy and Banana Republic stores is finally on the way to a turn- around. day. RED TAG ITEMS 1/2 off Federated Investors. ''Nobody going into the summer expected a vibrant consumer, so expectations were muted,'' he said. Technology stocks saw both highs and lows on Fri- But declines continued for Facebook and Groupon, the online coupon company. Facebook closed at $19, about half the value of its initial public offering price of $38. Investors are wor- ried that mobile ads won't bring in as much money as those seen on desktop computers. And Facebook's short-term problems include the expiration of a lock-up period on Thursday that had kept early investors from selling. Apple hit an all-time high, rising almost 2 percent to $648.11. It now has a market value of about $608 bil- lion, almost 50 percent higher than No. 2 Exxon Mobil Corp. at $408 billion. has now set a new low every day since Tuesday. Its woes include foreign-exchange rates in Europe and a worry that its business isn't very hard for competitors to copy. Groupon lost another 5 percent to close at $4.75. It Shares of Ann Inc., the parent of retailer Ann Taylor, jumped 20 percent after its second-quarter profit rose 24 percent. Foot Locker rose 1.7 percent after quarter- ly profits leaped 59 percent, boosted by higher sales, cost controls and a small tax-related gain. A few retailers did struggle. Sears Holdings Corp. fell 1.3 percent, giving back some of Thursday's big gain. Expectations for retailers were low, but they beat them, said Lawrence Creatura, portfolio manager at Health care stocks declined a half-percent, the biggest drop among the 10 industry groups in the S&P 500. Pharmaceutical companies led the decline. Pfizer fell 1 percent, and Merck dropped 1.4 percent. Computer chip maker Marvell Technology Group Ltd. stock dropped 14 percent after a revenue decline sliced its quarterly net income by more than half. Its CEO cited a slowing economy for the trouble. Global markets edged higher after German Chancel- lor Angela Merkel gave a new pledge of support for the euro. On Thursday she said that ''we feel committed to do everything we can to maintain the common curren- cy.'' Germany is Europe's economic powerhouse, so its support is critical to the euro's survival. The German DAX rose 0.6 percent. Schedule of Events Thursday, August 16th • Miss Corning Program Veteran's Memorial Hall, 6 pm Monday, August 20th • Missing Olive Contest Clues Begin Wednesday, August 22nd • Annual City Water Festival Thursday, August 23rd • Olive Festival Mixer Northside Park, 6 - 8 pm Sponsored by the City of Corning Bell Carter Breakroom, 6 - 8 pm Look for directions from the parking lot. For More Information: Call 530.824.5550 www.corningcachamber.org Bell Carter Foods Rolling Hills Casino Les Schwab Tires Friday, August 24th Olive Festival Parade Solano Street, 6 pm •Farmer's Market 3rd & Yolo, 6 - 8:30 pm • "Corning Does It Bedder" Bed Races Solano & 6th Street, 7 pm Saturday, August 25th All Events at Woodson City Park Come early - Parking is Limited •Pancake Breakfast, 7 - 11 am •Fun Run/Walk Registration, 8 - 8:45 am •Fun Run/Walk, 9 am •Arts, Crafts, Food Booths, 10 am - 4 pm Get more home for your money with a Clayton Home! Under New Management •Music & Entertainment, 11 am •Children's Activities, 11 am •Fireman's Hose Down, 11 am •Cook-Off Judging, 1 pm •Talent Show, 2 pm •Raffle Drawing, 3 pm •Corning Rotary Olive Drop, 3 pm Hispana Americana News Round Table Pizza Corning Observer Corning Rotary Club Interland Business Jamison Properties DM Tech Olive Pit Trade-Ins welcome any age, any condition. In house financing, even for challenged credit. Any new purchase in the month of August (2012) will receive a 32" flatscreen T.V. (Application with deposit required: TV delivered with home at end of sale) Corning Police Department Red Bluff Daily News Corning Fire Department City of Corning All Star Auto Recycling Blaze 103.5 26 Sale Lane, Red Bluff (530) 529-2191 www.Claytonredbluff.com "It's Bloom Time" We have scissors and trimmers available now!" "The Triminator" Featuring Also Ladybugs and Fertilizers Red Bluff, CA 96080 • (530) 527-9166 22755 Antelope Blvd. Open 6 days a week Mon-Sat 10-6 closed Sunday K W I K K U T S Family Hair Salon $200 REGULAR HAIRCUT off with coupon Not good with other offers 1064 South Main St., Red Bluff • 529-3540 Reg. $13.95 Expires 8/31/12 Sierra Sound Car Audio 35th $ 226 So. Main St., Red Bluff 527-3735 All CD's 13.99 Anniversary Sale or less