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8B – Daily News – Thursday, June 3, 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 AMERICAN SELF-STORAGE ★★ ★ 64 Mulberry Ave., Red Bluff • 527-1755 • Fully Fenced • Onsite Manager • Well Lit Property website: www.americanselfstorage.biz • RV & Vehicle parking now available LOWEST PRICE GUARANTEED! Call now for rates. MATT ANCHORDOGUY NRA PLEASE JOIN AND THE IN PROTECTING OUR SECOND AMENDMENT RIGHTS BY RE-ELECTING SHERIFF CLAY PARKER AN ADVOCATE FOR OUR RIGHTS TO BEAR ARMS Paid Political Advertisement NEW YORK (AP) — The stock market rebound- ed Wednesday following a stronger-than-expected increase in pending home sales and a recovery in shares of energy compa- nies. The Dow Jones industri- al average rose about 226 points, its third biggest gain of 2010. Major indexes recovered the losses they suffered Tuesday shortly before the close, when the government announced criminal and civil investiga- tions into the Gulf oil spill. Energy stocks bounced back sharply after selling off the day before. Schlum- berger, which provides ser- vices to oil companies, rose more than 8 percent, while Baker Hughes gained more than 10 percent. Treasury prices fell, pushing up interest rates, after demand for riskier investments like stocks increased. The upbeat report on home sales provided some hope on the nation’s hous- ing market. An increase in signed contracts for homes was due partly to a rush to meet a tax credit that expired in April. The National Association of Realtors said its index of signed contracts for exist- ing homes rose 6 percent. The increase was ahead of the estimates of economists polled by Thomson Reuters. A rise in the euro from a four-year low Tuesday also drew buyers. Movements in the euro, which is used by 16 European countries, have often steered trading in the past month. The cur- Recliners 19995 Starting at $ Layaway now for Fathers Day Stocks rebound on housing news Wall Street rency is seen as a reading on confidence in Europe’s ability to contain a debt cri- sis that began in Greece, but has spread to other parts of Europe, including Spain and Portugal. Stocks have been pounded in the last month by concerns that spending cuts in Europe would hob- ble a recovery in the global economy. After reaching a 2010 peak in late April, the Dow fell 7.9 percent last month for its worst May since 1940. The market has been logging big swings because traders are trying to determine how deep the retreat in stocks will be. Even with the big gains Wednesday, analysts said the fractiousness isn’t likely to soon disappear. The Dow rose 225.52, or 2.3 percent, to 10,249.54 after falling 235 points in the two previous days. Wednesday’s climb was the biggest point and per- centage climb for the Dow since Thursday, when the index advanced 285 points, or 2.9 percent. The index is still down 8.5 percent from its high this year on April 26. The Standard & Poor’s 500 index rose 27.67, or 2.6 percent, to 1,098.38, while the Nasdaq composite index climbed 58.74, or 2.6 percent, to 2,281.07. Bond prices dropped. The yield on the bench- mark 10-year Treasury note, which moves opposite its price, rose to 3.35 per- cent from 3.27 percent late Tuesday. Crude oil rose 28 cents to $72.86 per barrel on the New York Mercantile Exchange. Gold fell. Five stocks rose for every one that fell on the New York Stock Exchange, where consolidated fell to 5.1 billion shares compared with 5.3 billion Tuesday. The Russell 2000 index of smaller companies rose 19.56, or 3.1 percent, to 660.52. Britain’s FTSE 100 fell 0.2 percent, while Ger- many’s DAX index and France’s CAC-40 each slipped less than 0.1 per- cent. Japan’s Nikkei stock average dropped 1.1 per- cent. What’s on TV? ✓ Check out “STUFF OUR BACK PACKS WITH CASH” Locate a mini backpack at a participating business and make a donation For more info (530) 529-4074 SEND A LOCAL CHILD ON A SHOPPING TRIP FOR NEW SCHOOL CLOTHES Tax deductible donations can also be sent to PO BOX 292, Red Bluff, CA 96080 ENTERTAINMENT MAGAZINE select TV Free - Online - 24/7 Broadcast/Cable/Satellite Listings-Sports-Movies & More! redbluffdailynews.com LOSE WEIGHT Nutrition & Energy Digestive Cleansing Weight Control POUNDS INCHES& Healthy, real results! LOSE 30-day product, return refund guarantee. Ask for. 888-564-2079 herbal-nutrition.net/ starhomebusiness starhomebusiness@att.net SAMPLE! FREE