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8B – Daily News – Thursday, May 6, 2010 Furniture Depot 235 So. Main St., Red Bluff 527-1657 MON.-FRI. 9:00-6:00 SAT. 9:00-5:00 • SUN. 11:00-5:00 Recliners • Closeout Mattress sets • Bedroom sets • Bookcases • 5pc Dinette sets • Oak Breakfast Nooks • Curios • Sofa Love Seat sets • One of a kind Occasional Tables • 7 pc Texas Holdem Card Table set SAVINGS NEW YORK (AP) — The stock market extended its slide Wednesday after investors couldn’t shake their concerns about Euro- pean countries’ big debt loads. The Dow Jones industri- al average ended down about 59 points to put its two-day drop at 284. The Dow halved its loss by the close but finished off its high of the day. Treasury prices rose and pushed down interest rates in the bond market for a second day. A drop in the euro and a rise in the dollar continued to ram markets around the world. The stronger dollar hurts U.S. stocks by cutting into profits of U.S. compa- nies that do business abroad. A higher dollar also hurts commodity prices by reducing demand from for- eign buyers. Investors are concerned that a $144 billion aid pack- age for Greece won’t be adequate to keep debt prob- lems in Europe from spreading. There were also questions about whether the bailout would amount to $6.00 Hair Cuts I fix Barber Shop New extended hours 8:30am - 6pm Mon-Fri 8am - Noon Saturday Oak Street Every 6th Hair Cut FREE 527-8111 • 335 Oak St. Next door to the State Theatre (Customer parking in Winchell’s parking lot.) China Buffet CHINESE RESTAURANT Open 7 Days A Week Mother’sDay Special $11.99 Expires 5-30-10 COUPON China Buffet Happy Hours Mon. & Tues. Lunch $ All Day $6.99 Wed - Thurs - Fri - Sat 6.99 Dinner $ 8.99 343 S. Main St. Red Bluff 530-529-5888 (No Checks) Attention Licensed Contractors! The Tehama County Advertising/Enhanced Listing Deadlines Friday, May 14 CONTRACTORS’ GUIDE Ownership Under New Sundays $ 9.99 Holidays $ 11.99 Expires 5-30-10 COUPON Distribution in full run of The Daily News Saturday, May 22 Additional single copy distribution through Spring 2011 in county offices, advertisers’ businesses and other locations. Published online on The Daily News’ website as an interactive “page-turn” edition – for a full year. Don’t be left out! Call your Daily News Advertising Representative TODAY 527-2151 D NEWSAILY RED BLUFF TEHAMACOUNTY Stocks extend decline on debt worries Wall Street more than a short-term fix for Greece. Investors don’t want the trouble in Greece to spill to other countries and disrupt a global rebound. Swings in global stock markets have intensified in the past week. Wednesday was the sixth time in seven days the Dow moved by more than 100 points. Investors have questions about Greece but they’re also awaiting the govern- ment’s April jobs report on Friday and monitoring Washington’s overhaul of the rules that govern finan- cial companies. The problems in Greece are rattling the market part- ly because they are remi- niscent of the subprime mortgage crisis in the U.S. that at first appeared con- tained. That bad debt cas- caded through the world’s financial system and pushed the U.S. economy into recession at the end of 2007. German Chancellor Angela Merkel on Wednes- day encouraged lawmakers in Berlin to rush the approval of Germany’s share of the Greek rescue plan by Friday. Analysts say delays could bring more upheaval to global markets. The euro fell against the dollar, sliding as low as $1.2805 in New York. That was its weakest level since March 2009. The Dow fell 58.65, or 0.5 percent, to 10,868.12. It had been up as much as 20 points and down nearly 112 points. The Dow is down 2.5 percent in two days, its steepest back-to-back drop in three months. The broader Standard & Poor’s 500 index fell 7.73, or 0.7 percent, to 1,165.87, while the Nasdaq composite index fell 21.96, or 0.9 per- cent, to 2,402.29. Bond prices rose. The yield on the benchmark 10- year Treasury note fell to 3.54 percent from 3.60 per- cent late Tuesday. Gold rose. Crude oil fell $2.77 to $79.97 per barrel on the New York Mercan- tile Exchange. The Russell 2000 index of smaller companies fell 11.12, or 1.6 percent, to 698.58. up to 60% OFFthroughout the store! Paid Political Advertisement