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8B Daily News – Thursday, October 4, 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) — A pair of encouraging economic reports helped nudge the stock market higher Wednesday. Mea- sures of business activity in the service sector and job growth last month came in better than econ- omists had expected. The market's gains were held in check by a slump in energy stocks and Hewlett-Packard's 13 percent plunge. In a meeting with analysts and investors, Meg Whitman, H-P's CEO, predicted weak earnings and sales for the foresee- able future. The Dow Jones rose 12.25 points to close at 13,494.61. The Standard & Poor's 500 index gained 5.24 points to 1,450.99. ''The price action today seems boring, but the economic data is pretty strong,'' said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. The Institute for Sup- ply Management said its index of service compa- nies, which includes This Friday, Saturday & Sunday. See our full page ad HUGE 72 HOUR SALE in Friday & Saturday's paper Stocks edge up; H-P sinks on Whitman's outlook Wall Street everything from finan- cial firms to clothing stores, rose in September to the highest level since March. The index reached 55.1. Econo- mists had estimated it would drop to 53.4. But concerns over an economic slowdown in Europe, China and the U.S. helped push the price of crude oil down $3.75 to $88.14 a barrel. Energy stocks fell sharply as a result. After H-P, Chevron had the worst loss in the Dow, giving up $1.82 to $116.14. ''The U.S is looking better than a lot of places in the world,'' Detrick said. ''The big question is: Are they going to pull us down with them?'' In other trading, the Nasdaq composite index rose 15.19 points to 3,135.23. The yield on the benchmark 10-year U.S. Treasury note ended the trading day at 1.61 percent, the same as late Tuesday. Hewlett-Packard plunged after CEO Meg Whitman said a success- ful turnaround of the computer maker is a long way off. Profits will likely fall by more than Reach and motivate North State voters with Tehama County's Most Visited Local Website: www.redbluffdailynews 275,000 page views in August, 2012 77,712 website visits Average visit time almost 12 minutes! 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(530) 527-2151 Gayla Eckels: geckels@redbluffdailynews.com Doris Hoagland: dhoagland@redbluffdailynews.com Suzy Noble: snoble@redbluffdailynews.com 10 percent next year, she said. HP's stock lost $2.22 to $14.91. Payment processor ADP said Wednesday that U.S. companies put 162,000 more workers on their payrolls last month. That's still below August's total of 189,000, and not enough to put a dent in the 8.1 percent employment rate. Trading could remain calm this week while investors look ahead to the government's month- ly jobs report Friday and a new round of quarterly corporate earnings reports next week. Economists expect the unemployment rate edged up to 8.2 percent in September from 8.1 percent in August. And the unofficial start to the earnings season starts next Tuesday when the aluminum company Alcoa posts its results. The Dow and the S&P 500 have crept higher in the first week of Octo- ber. The Dow is up 0.4 percent and the S&P 500 is up 0.7 percent. Family Dollar Stores surged $2.56 to $68.56 after posting stronger net income and sales. The store's customers also spent more money on each sale. — Discount chain — Monsanto fell $1.97 to $88.59. The purveyor of corn seeds, herbicides and other agricultural products posted a wider loss and reported sales that fell short of Wall Street's expectation. Among other stocks making big moves Wednesday: — Best Buy jumped 79 cents to $17.76 on reports that the compa- ny's founder has teamed up with a group of pri- vate equity firms to take over the electronics chain. Oh Snap! The Daily News wants your photos: Cute kids, Adorable pets, Inspirational sights, Any shot you think readers would enjoy You might just see it in the Daily News Send pictures to editor@redbluffdailynews.com or drop off at 545 Diamond Ave. in Red Bluff. Include a caption.